-70 already. Its over. Another bubbly scam comes to an end

Quote from SimpleTrades:

If it blasts through 1400, you might catch knife around 1100 if you're really bold.
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why 1100? why not just 100? or maybe 10?

don't be fool 1422 is the bottom with high probability. at least short term
although I put overnight buy lmt 1387 and also have shorted May puts at 1300
 
Quote from kashirin:

why 1100? why not just 100? or maybe 10?

don't be fool 1422 is the bottom with high probability. at least short term
although I put overnight buy lmt 1387 and also have shorted May puts at 1300
More...

Might I ask where was gold trading when you shorted the 1300 May puts?
 
In my personal archives I show India's Central Bank was a huge buyer around $1440, back in mid Q4-2009.... I'm a buyer (of physical, no paper whatsoever) at that level. Paper and Physical are completely disconnected. And I also know, gold (and silver) will never be worth zero, such as is the race among all the thin air fiats.

Trade On!
 
Quote from kashirin:

why 1100? why not just 100? or maybe 10?

don't be fool 1422 is the bottom with high probability. at least short term
although I put overnight buy lmt 1387 and also have shorted May puts at 1300
More...

1422 is just a random number on the day chart. No support anywhere for it. It could just as easily fall to the 2011 low of around 1300. At this point, I would not be bottom picking if I were you.
 
Quote from tiddlywinks:

In my personal archives I show India's Central Bank was a huge buyer around $1440, back in mid Q4-2009.... I'm a buyer (of physical, no paper whatsoever) at that level. Paper and Physical are completely disconnected. And I also know, gold (and silver) will never be worth zero, such as is the race among all the thin air fiats.

Trade On!
More...

Correction: Indias central bank buy was $1240 in Q4-2009. Nonetheless... buy physical. No paper whatsoever!!
 
Quote from SimpleTrades:

1422 is just a random number on the day chart. No support anywhere for it. It could just as easily fall to the 2011 low of around 1300. At this point, I would not be bottom picking if I were you.
More...

that's a not a random number
that's where it stopped falling and now 30 points higher

if you were me you would already made big money

:D
 
Quote from tiddlywinks:

Paper and Physical are completely disconnected.
More...
No they're not. If your theory was correct then you could make risk-free arbitrage profits by buying gold futures, taking delivery and selling on the spot market. Try doing that, you'll see the future and spot market are connected very tightly.
 
Quote from kashirin:

it will be green by the morning
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Oh man... sorry. I'm not a dickwad that is going to rub it in your face, especially if you really are holding short naked 1300 puts. Man..
 
I can't stand Peter Schiff but I'll have to check the youtubes to see his response. They could just play the same clip over and over, he always says the same thing.
 
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