Get Ready to Short a Gold Stock!

Quote from krazykarl:

http://za.today.reuters.com/news/ne...RTRIDST_0_OZABS-MARKETS-PRECIOUS-20060330.XML

" LONDON (Reuters) - Gold raced to a new 25-year peak on Thursday and silver spiked to its highest in more than 22 years as fund managers pumped more money into commodities ahead of the quarter-end.

Precious metals also got support from technical buying, strong base metals and a softer dollar, with prices seen heading towards their next big upside targets, analysts said.

Gold climbed as high as $579 an ounce, the strongest since January 1981, and was quoted at $578.00/578.75 by 0923 GMT. It closed in New York at $573.10/574.00 late on Wednesday."


heh.

don't look now, but the whole sector is running, not just gold. <b>mess with the bull, you get the horns!</B> (ati, tie, aauk, etc...)
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The guy who started this thread should post about how his current positions are doing, and if he's phoning his bankruptcy lawyer yet.
 
Quote from gugaplex:

Gold will likely hit $575-ish and tumble $530's shortly thereafter.
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sorry, this just sticks out in my head everytime i see gold tick up.....


edit: the nymex had is at 593.4 as of posting....
 
lol

the ego of some traders

we have one of the best bull markets i have seen in ages right now (gold and metals) and EVERYBODY either wants to call a top or short it

get real.
 
That is what has made trading great. there are always egos and amatuers in any bull market. Had lots of them in the day when YHOO, AMZN and the like ran away carrying people out in ambulances due to the bus that just hit them.


Ride the bull, buy on pull backs.




:)
 
Quote from gugaplex:

Gold will likely hit $575-ish and tumble $530's shortly thereafter.
More...

reading this still gives me a warm happy feeling in my shorts..... :cool: (pun intended)
 
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