Yep thx, I was thinking more in terms of unleaveraged stocks, but you are correct, currencies or shorting some commodities or futures would do the job.
Gold A "Safe Haven" In This Market Decline?
- Thread starter Scataphagos
- Start date
Yep thx, I was thinking more in terms of unleaveraged stocks, but you are correct, currencies or shorting some commodities or futures would do the job.
When dollar goes up, gold goes down...
Still looking good, continuing its climb, no sign yet of any danger, Fed announcement at 2pm I believe.
EOD traders need to learn to....
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It rallied as high as 1262 while I was at work. I thought finally it was the breakout I was looking forward. I had a day of meetings. Then check after my meetings, I couldn't believe my eyes! GC went back 1246. My call options lost like 50% right after Fed speaks?!!! I'm still in it because I still have faith in this long-term position. Expiration is 4 weeks.
But I wished I had gotten out all of my positions this morning and bought back in at the close. Very frustrating to trade gold and gold derivatives..
It's a bird... It's a plane... It's Gold! Hahaha were going to the top! Gut Feeling Jerome Powell destroyed confidence in the US Dollar, if your company has any momentum at it's back ride it... Oil will eventually outbreak in next few days, I am riding gold mine call until early Jan, getting rid of uranium mine stock at end of day most likely and blasting puts