In my 20-year career August and December are the two months I usually vacation. Quiet trading and fewer participants inevitably lead to thin and volatile markets. The old saying is “if there is nothing to do, do nothing” Good advice for August, especially. So just because it looks like this is the bursting of the bubble for commodities, be careful!
Bottoms up! The upside of a down market
04 Monday Aug 2008
Posted in Uncategorized
Kevin Kerr is a very respected trader, you would do well to heed his advice. As I have been saying buy Precious Metals, go in increments, so if market does go a little lower then you overall costs will be less. If it starts to take off again say if U.N. takes stronger actions against the Iranian Nuclear Issue, or if Israel attacks to protect itself from a nuclear Iran whose leaders have vowed to wipe Israel off the map, then jump in with full force and both feet!
JSCHULMANSR
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