Gold A "Safe Haven" In This Market Decline?

[trader99]

you're gonna have a bad day tomorrow

why do u think that's the case? GCG19 is up .30%. I know not as much as the the index futures at 2%+...

 

[trader99]

Now it's up .41%. This might be the start of the breakout... Let's see...

 

[trader99]

you're gonna have a bad day tomorrow

I guess you are partially right. I'm slightly disappointed. But the day is still young. My gold options are only up about $1900. I was hoping for an explosion in value.. Still not bad for overnight return. I'm holding til near expiration in Jan 2019. So hopefully it will run more...

 

[trader99]

My call options are up 55% this morning. Still more room to run...

 

[trader99]

i need GC to breakthrough 1250! damnit! haha. it's pulling back a little. Go GC! go GC!

 

[trader99]

Gold is such a POS. Not a safe haven even when cryptos, equities go down. Even when dollar goes down. haha

 

[trader99]

unbelievable. GC is down when futures are red? Definitely not a safe haven...

 

[themickey]

Gold is such a POS. Not a safe haven even when cryptos, equities go down. Even when dollar goes down. haha

unbelievable. GC is down when futures are red? Definitely not a safe haven...

I'm no goldbug by any stretch (hate trading it) but ask yourself this, which sector is bullishly trending better atm.

 

[tomorton]

I'm no goldbug by any stretch (hate trading it) but ask yourself this, which sector is bullishly trending better atm.

NZD, CHF, then USD.

But that could all change by this time next week, two weeks ago AUD was up there too.

 

[Overnight]

Seems to me in my light studies that GC is inversely correlated with the DX, as a general rule. Has that borne itself out over the past year?