I hear you ASX, always good points,,,Ive been trading and still...

I hear you ASX, always good points,,,Ive been trading and still alive since 1998, this loss is a scratch....

I have been long only after RUdd and SWan entered tha markets and changed the rules on shorting, I recongise that when shorting you have unlimited potential losses.

Does Iress allow you to short overnight or day only?

Hi X, you are probably right but I think that data last night should be taken on face value, I am cautious now based on the data and the fact that the hype and downgrades on gold are coming from everywhere. A rising USD in the current environment means that China will stop being a buyer as its losses on USD tresuries are decreasing......I cant argue it both ways, until it reverses but I feel that there is more to the picture now as the Pollies will not be able to talk it up.

Only good think about last night was seeing Rudd being portrayed as a hypocrite before the world, something I am sure he is really miffed about today, he is starting to pay the ultimate price for pushing himself into the centre of the world stage,,,,leader and expert on climate change lecturing the world but he is pushing his dirty coal on the world in back rooms......that bought a smile to my face....I am not his greatest fan.......

Im sure times will change but I think the double dip is only 3-6 months away and I'm preparing now....

PROFITS TO ALL!!!