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2 pips gain on 5 minute time frames? The pip movement for that time frame fluctuates significantly more than 2 pips. How do you structure your entries/exits?

4 posts vs hundreds... i'll take the hundred poster's point of view as more credible

Quoted For Truth.

Look at a 30 year chart and you'll see its legs are a lot stronger.

I'm as bullish as they come in gold but I think we are going take out the low from a few weeks back. Hold off for at least a few days before you buy, still some room on the bottom end. Now in "c" wave of a bull correction.

i'm holding my short position for now... there could be a surprise next week at the fed meeting that could push gold lower...

don't forget gold's been in a raging bull market for over 5 years. while 800 is still somewhat possible to maintain the bull market status, 600 will essentially push it into a bear market... care to explain what fundamental reasons there are for a bear market in gold?

If you actually believe supply and demand is an outdated economic theory then I truly have 0 respect for you.

what are the other rate cuts priced in at and where can i find this info? thx

I shorted at 945 and covered at 909. I shorted again at 915 and am lovin the dip. I'm a huge gold bull but playing the correction. LMAO

dropping sharply again 1.5665

His book is due out April 30th but amazon is shipping already. Mine came in a couple days ago and it is a great primer for the causes of liberty, freedom, and sound money. A must read.

<img src="http://mahopa.de/bilder/lustige-forenbilder/nobody-cares.jpg">

Why is the government involved in this at all?

Can I short that profit graph? :D

gold short

I have to correct you here Landis. He has been bearish on the US stock market because of the depreciating US dollar. It is one of the worst performing stock markets in the world over the last 6 years and in terms of gold has gone down 40%. He puts his own money and others' in foreign assets...

As far as I'm concerned, no one has more credibility than Peter Schiff. He's a professional "bubble caller" and sees a long way for this bear market to run.

haha... touche :)

I think profits can be made going long in a bear market but I believe it's easier and more profitable to trade with the trend. I made some money today with the consolidation of gold but long term I'm still bullish.