buying gold here?

Quote from landboy:

you want a slow steady decline, with lower highs and lower lows... a market that falls off a cliff is not a sign of a pullback, more like a crisis circa 1997 Asia...
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looks to me we did a mini 1-2-3 and now bouncing up in wave 4
 
Ghargur and Landboy are wrong. If you guys traded real money, you'd already be stopped out. OI bought silver yesterday and am looking both at crude and gold now. I'm staying away from sugar for now.
 
Quote from energytraderus:

Ghargur and Landboy are wrong. If you guys traded real money, you'd already be stopped out. OI bought silver yesterday and am looking both at crude and gold now. I'm staying away from sugar for now.
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I guess that means your right?
 
Quote from energytraderus:

How do you guys like your short gold position now? If you liked shorting gold @$560, you must really really like shorting it up here @$570.
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I never said I was short gold.... my comments with regards to a meltdown are not specific to this situation, but in general... I"m actually long gold, and have been long gold for a LOOONG time, check my posts before writing ok
 
Quote from landboy:

I never said I was short gold.... my comments with regards to a meltdown are not specific to this situation, but in general... I"m actually long gold, and have been long gold for a LOOONG time, check my posts before writing ok
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TY
 
Gold will probably make a BIG - major top here. Would be surprised if GC would go above the top from 6:th of February without a correction of a couple of months.
 
Wait for people here to call the metals move over. Back in early '04 when gold went down to the 370 area some ET's were howling that gold was done, that silver was cooked, but that was the bottom. It'll take a big drop this time, but folks will get spooked. Mid-400's should do it as Bernanke establishes credibility and spooks the markets to the edge of delflation before chickening out himself.
 
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