Rogers 1980 Short gold memories

Q: 1979-1980 gold straight up, then you can have short-selling? Answer: never, who entered a frantic state of the market, short selling is the object, the hotel Inn / attraction tickets / holiday . Q: What is the market price? Sign, 675 US dollars. Q: That is not the highest point of $ 200 apart? A: I am not good speculators, usually my fault too early to enter the market. Q: How subsequently gold price performance? A: The short selling four months after they peaked. Q: The only difference four months time to market, but the price calculation, the thousands of miles apart. I believe the whole business spent in case of stormy seas, is not it? A: Habit is second nature. Q: Ever regret later sell? A: When the price of gold rose to $ 676 when it has been feeling (laughs). Q: But still adhere to in the end? A: of course, in order to measure the prevailing market trend, it has entered a fundamentally irrational state. The price of gold can not rise indefinitely, but it is dying. Q: short selling of gold, whether it is based on the market has entered the final phase of the explosive rise of the price of gold has exceeded or is it actually worth? A: Two reasons exist. Q: encountered mass panic buying, the opposite, whether bound to profit? A: The market is just crazy market incentives, remind me to capture market opportunities. The final analysis of the basic factors to look at before deciding whether to enter the market trading. Q: What is the real reason is that short selling of gold? A: In early 1980, I feel the negative factors of the price of gold, the then Federal Reserve Chairman Volcker stressed and will fight to control inflation, I believe he preaches. Q: There may be other reasons? Answer: when oil prices began a downward, constitute another short selling factor. Q: Do you believe that the relationship between the two? A: No, I knew there was no relationship. Then the price of gold and oil act in unison, just coincidentally happen by accident. Q: generally speaking, Walker determined to control inflation is the main reason you short selling of gold, right? Answer: True. Q: What Volcker adopt policies to make you confident? A: in October 1979, the Federal Reserve give up control of interest rates, money supply management changed, basically a death sentence rose gold heat potential. Q: Is the price of gold no initial reaction? A: continue to rise. Q: The Fed efforts to combat inflation in October 1979, but the price of gold continues to rise, why not? A: On the surface, no market reaction, the price of gold continues to rise in the months irrational situation, it can be said, to attend the Fed's action. Q: What is the significance? A: The masses are always wrong, but too early to go against the norm, it may be asking for trouble. Q: What, then, the Fed controls the money supply policy, whether irrelevant? A: On the contrary, if the market make the wrong response, coupled with the price skyrocketed, reflecting the degree of madness, you can determine the market opportunity has come, France crocodile . I have more articles: (2011-04-3016: 06:43) (2011-04-2722: 18:57) (2011-04-2710: 13:21) (2011-04-2623: 16:52) (2011-04-2510: 33: 11) (2011-04-2423: 13: 13) (2011-04-2210: 58: 16) (2011-04-2208: 28: 35) (2011-04-2111 : 00: 23) (2011-04-1911: 06:43) Related articles:

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