next week, page-35

Hi Abbey
not happy about it but I tend to agree a major crash on the way. traders can only take so much risk before move money to safer haven of term deposits. can get 10% in deposits.
as oil rises the market falls.
oil is still rising and market under more and more pressure
I agree a major crash on the way.
have maintained gold position as a hedge and also increased ncm gold holdings.
have not bought into oil as can and will drop quickly. when oil drops then have a day or two to sell off gold
sequence as I see it is oil rises, gold follows and market sqeezed harder and harder. not good.
oil will eventually fall, gold will follow(with a lag time) and then market to rise.
there is too much volatility and a crash is imminent. hope I am wrong. key in this scenario is to preserve your capital so that can buy back in when market back on track.