Gold Down...Baht Weakens
Re: Gold Down...Baht Weakens
Crash positions? Is this about UK (Brexit) or Thailand ? I'm more worried about UK becoming insolvent than Thailand...
Re: Gold Down...Baht Weakens
I cashed out on your advice. I'm glad I did because the fall will be all the more spectacular after today's 150 point rise.
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JimboPSM
- udonmap.com
- Posts: 3581
- Joined: July 4, 2005, 3:23 pm
- Location: Isle of Man / Bangkok / Udon Thani
Re: Gold Down...Baht Weakens
Before anyone acts on anything, they would be well advised to read this gold thread that started on UM in May 2010 and carried on until October 2014.
- http://www.udonmap.com/udonthaniforum/gold-t17271.html
One can see just how detached from reality some posters were by looking at some of the “forecasts” that were made during the life of the thread and comparing them with reality.
For reference purposes re the above, charts showing the Thai Gold price can be found here:
http://www.goldpricethai.com/charts
Ashamed to be English since 23rd June 2016 when England voted for racism & economic suicide.
Disgusted that the UK is “governed” by a squalid bunch of economically illiterate, self-serving, sleazy and corrupt neo-fascists.
Disgusted that the UK is “governed” by a squalid bunch of economically illiterate, self-serving, sleazy and corrupt neo-fascists.
Re: Gold Down...Baht Weakens
I agree and have assumed positions.tamdon wrote:PLEASE ASSUME CRASH POSITIONS
Have been holding a heap of S&P500 puts for a few weeks now.
Hope you're correct.
Bring it on.
Mick
Re: Gold Down...Baht Weakens
Guys, the main thing here is to position yourself "in case".
Remember Y2K? The computers will crash!!!!! What to do?????
Just take your money out of the banks and wait until the dust settles. Nothing gained, nothing lost.
You were "protected" just in case.
Any time you get facts pointing to such a senerio, assume your position and wait it out.
Why would you dispute facts and especially, free information when it doesn't cost you a single baht?
We are sitting to see what Monday brings, if you have "assumed your crash position", then you are safe
If these facts prove to be wrong, you lost nothing.
If you did nothing and this all happens, then what is your Plan B?
Don't have one? I'm just saying, there are many options available to you.
Let this be a learning tool, because things will only get worse in the days ahead.
Remember Y2K? The computers will crash!!!!! What to do?????
Just take your money out of the banks and wait until the dust settles. Nothing gained, nothing lost.
You were "protected" just in case.
Any time you get facts pointing to such a senerio, assume your position and wait it out.
Why would you dispute facts and especially, free information when it doesn't cost you a single baht?
We are sitting to see what Monday brings, if you have "assumed your crash position", then you are safe
If these facts prove to be wrong, you lost nothing.
If you did nothing and this all happens, then what is your Plan B?
Don't have one? I'm just saying, there are many options available to you.
Let this be a learning tool, because things will only get worse in the days ahead.
Re: Gold Down...Baht Weakens
So you're assuming that people have all their savings in low-interest bearing bank accounts where withdrawal would mean negligible penalty. You can't just cash out of stock/mutual fund investments without incurring some cost (perhaps substantial), nor can you do the same with a bank CD or even a savings bond.tamdon wrote:Guys, the main thing here is to position yourself "in case".
Remember Y2K? The computers will crash!!!!! What to do?????
Just take your money out of the banks and wait until the dust settles. Nothing gained, nothing lost.
You were "protected" just in case.
Any time you get facts pointing to such a senerio, assume your position and wait it out.
Why would you dispute facts and especially, free information when it doesn't cost you a single baht?
We are sitting to see what Monday brings, if you have "assumed your crash position", then you are safe
If these facts prove to be wrong, you lost nothing.
If you did nothing and this all happens, then what is your Plan B?
Don't have one? I'm just saying, there are many options available to you.
Let this be a learning tool, because things will only get worse in the days ahead.
And when is 'when the dust settles'? People who cashed out of the market when the stock market plunged below 8000 in early 2009 took it in the shorts if they didn't quickly put their money right back in.....and of course, no one knows 'when the dust settles'........so most people who cash out don't cash back in.
As for Y2K.......what's there to remember? More fear-mongering and oiji board predictions of doom and gloom.
Some day the market will take a hit......10% maybe 20% maybe even more. That's the nature of the market.....not the nature of some fortune teller who constantly predicts the sky will fall. Even he will eventually be right.
Re: Gold Down...Baht Weakens
OK, good question...lets take it to the next level.
You know how they say "Follow the money"?
The Elites are all in a "short sell" position right now (don't want to mention any names)
As you little people are told to buy this and that, they are waiting for you to push the stock price higher
Then they will "dump".
The companies will be forced to re-issue new stocks at a lower price
With their stock piles of cash waiting on the side lines, they will swoop in and buy up everything for pennys on the dollar.
If you like stocks, position yourself for the crash, sit on the side lines then take the opportunity to re-position yourself in a stronger portfolio
You know how they say "Follow the money"?
The Elites are all in a "short sell" position right now (don't want to mention any names)
As you little people are told to buy this and that, they are waiting for you to push the stock price higher
Then they will "dump".
The companies will be forced to re-issue new stocks at a lower price
With their stock piles of cash waiting on the side lines, they will swoop in and buy up everything for pennys on the dollar.
If you like stocks, position yourself for the crash, sit on the side lines then take the opportunity to re-position yourself in a stronger portfolio
Re: Gold Down...Baht Weakens
JimboPSM wrote:Before anyone acts on anything, they would be well advised to read this gold thread that started on UM in May 2010 and carried on until October 2014.
For some reason, gold threads have the ability to trigger some real fruit and nut case posts from people who are definitely not experts - except in their own minds.
- http://www.udonmap.com/udonthaniforum/gold-t17271.html
One can see just how detached from reality some posters were by looking at some of the “forecasts” that were made during the life of the thread and comparing them with reality.
For reference purposes re the above, charts showing the Thai Gold price can be found here:
http://www.goldpricethai.com/charts
Re: Gold Down...Baht Weakens
Friday came and went. Monday came and went. It's Wednesday already. Sky's still blue and above us. just sayin'