Investment journal 2 -- 08/01/2012

• Never gamble, never! Very short-term trading is essentially a gamble (5 min binary)
• It often makes sense to look backwards, rather than forwards. For instance, markets followed the upward trend looking backward from the peak point; looking forward, you cannot really know whether it's a bubble or a trend to follow. Choosing trend-following or contrarian thinking is a really tough job.
• Currency value should pick up with the growth figure
• QE, inflation up, purchasing power down, FX depreciates; in this way, if QE stops or inflation down, FX appreciates; USD is argubly a substitute of gold, so if USD is up, gold might be down
• Economic not always works, needs to think about the whole picture