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China's 1929

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08-24-2015 , 12:05 PM

rwillia789

adept

Join Date: Mar 2010 Posts: 927

I quit trading a couple of years ago and have only been involved in the passive long term side since really but what are people's thoughts on the latest developments?

Luckily I'm sitting on a lot of cash and will see the next few weeks as a buying opportunity. Gold looks very tasty at the moment as fed hikes will surely be delayed and we could see more global QE. A lot of individual stocks that have been dragged down by indexes that will be insulated from crisis are also getting to very appealing levels.

Of course it all depends on policy response so guesses and tips welcome below.

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08-24-2015 , 03:27 PM

CohibaBehike

Pooh-Bah

Join Date: Jul 2012 Posts: 3,651

Quote:

Originally Posted by rwillia789

so guesses and tips welcome below.

don't put a single nickel into gold.

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08-24-2015 , 04:53 PM

turtletom

old hand

Join Date: Aug 2015 Posts: 1,749

Quote:

Originally Posted by CohibaBehike

don't put a single nickel into gold.

Stanley Druckenmiller has 20% of his funds in GLD. It's twice his other largest holding. Is a stupood dummy?

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08-24-2015 , 05:07 PM

BoredSocial

Pooh-Bah

Join Date: Mar 2009 Posts: 5,018

Quote:

Originally Posted by turtletom

Stanley Druckenmiller has 20% of his funds in GLD. It's twice his other largest holding. Is a stupood dummy?

Yes.

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08-24-2015 , 05:21 PM

CohibaBehike

Pooh-Bah

Join Date: Jul 2012 Posts: 3,651

Beat me to it.

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