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For the love of Khrysos, what happened to gold?
- Thread starter tmarket
- Start date
a game of musical chairs. the music stopped. funny how that always happens just after the public is convinced it is a no lose situation.
I just hope it drops to $1000 so I can double my holdings.
Always trade your own views. Trading on other people's opinions is a losing proposition.
eh we'll see what happens. If patterns matter, the last 2 large retraces resulted in a 6-10 month consolidations to lead to new highs. So far we're $110 off the high (<10%) and has been a steady retrace. I can imagine the 1030 area will experience heavy resistance, i know i'm a long-term bull and will be playing this resistance area. The bullish sentimet has been pretty mild, no blow off tops or family/friends/cnbc buying gold. I've been telling everyone i know to buy some gold to hedge usd risk and i've been ignored, laughed at and misunderstood.
Biggest driver right now is a nice healthy bounce in a dollar. Those who are bearish on the dollar should be acculmulating as much Gold as they can own without risking the farm.
Biggest driver right now is a nice healthy bounce in a dollar. Those who are bearish on the dollar should be acculmulating as much Gold as they can own without risking the farm.
Quote from Ghost of Cutten:
Always trade your own views. Trading on other people's opinions is a losing proposition.
I do feel bad (and personally responsible) for anyone who went in long with me at $1146... It wasn't a good call.
But there's a reason why people here are inclined to take my recommendations far more seriously than the random predictions of the average ET member- I'm usually right. A review of the archives here would make it pretty clear that blindly following anything I recommend <i>usually</i> does pay off nicely... just not this time.
For the record I'm staying long gold, even though my most recent entry point kind of sucked.
Quote from Rearden Metal:
[/QUOTE
back from the joint or still trading behind bars?
http://www.elitetrader.com/vb/showt...=137638&perpage=6&highlight=jail&pagenumber=2
Quote from crash n burn:
Quote from Rearden Metal:
[/QUOTE
back from the joint or still trading behind bars?
http://www.elitetrader.com/vb/showt...=137638&perpage=6&highlight=jail&pagenumber=2
Give me a break- I bought hard drugs for personal use. <b>The president did that</b>, and the one before him. You make it sound like I'm some kind of criminal or something, but the prohibition enforcement thugs are the real criminals who will go down in history as no different than all the purveyors of senseless oppression that came before them:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2652002