Could the ancient astronaut theory hold true?
That thousands of years ago celestial vistors came to our planet in search of materials needed for their very survival – and in realizing the difficulties in extracting these materials from the ground, developed modern man to essentially do the hard work for them? When you really think about it…..it’s really not that far off.
As a young boy I remember a hoax that played out at my elementary school. A group of the older kids had painted a bunch of small rocks with gold model paint and hid them out in the sand of the school’s playground. Once the word got out….I recall the excitement and anticipation sitting there in my tiny desk, staring at the clock, squirming in my chair, waiting for the bell to ring. “Gold! Gold! – they’ve found gold in the playground!”.
We’d trip over ourselves racing out the door – eager to be the first to lay our hands on even the smallest spec of the glorious stuff. We spent hours on our hands and knees sifting, searching for our fortunes.
In the end…….I never found a single piece.
A silly young boy indeed – but is it really any different now as adults?
Maybe mining is in our genes.
Speaking of gold fever… I’m suppressing my urges to take my 30% profits on this gold trade you’ve gotten me into. Kong kong kong!
We are just getting started as I see it Ben…..so…..get outside…..go for a bikeride etc….
As well consider…….you are in the money…and have zero stress – this is a great place to be!
Kong – any thoughts on a falling Eur – to the low 120’s in the next few months?
Im of the “complete opposite” thinking Schmederling.
In this market (or at least in my view) any “lack of bad news” coming out of the EU Zone is viewed as a good thing. So….as backwards as it may appear – any word that “Greece passes austerity”…or “Spain puts off Bailout” etc…will likely be viewed as positive!
Let alone if we actually get “real action” out of the ECB with its bond buying prgram. Oddly, the market seems to view any suggestion of “further easing” as just plain wonderful – despite what we all understand of its horrific ramifications down the road.
Its “kick the can time” ….and seemingly – everybody is playing.
ok – just though I would ask…. as your currency experience has been spot on from what I can see from SMT site and now here.
I always look for your point of view relative to currency & there is a direct tie to PM’s & how then move.
Thanks Schmed – I appreciate the kind words.
Something else to consider currency wise – when it comes to the EUR. The EUR is the second most “widely held” currency on this planet coming in second (obviously) to king dollar/USD. So…….if we generally view “risk on” environments being “dollar negative” (for those newcomers…the dollar is a safehaven currency and is “sold” in times of joy….and “bought” in times of fear) by default the EUR will be one of the largest benefactors. REGARDLESS OF ITS POOR FUNDAMENTALS (The U.S should talk right?).
Hope it helps.
Reblogged this on Forex Trading with Kong and commented:
An oldie but a goody, as my thoughts truly do go out to those who’ve been “caught holding” through this terrible slide.