Gold A "Safe Haven" In This Market Decline?

This whole "safe haven" proposal is a fallacy. Its based on finding a specific secondary asset or into which you can transfer your capital so that it is not depleted by a more widespread primary market price fall.

The point of successful trading is that when the primary market falls you sell it down. Re-distributing capital into long positions in a secondary market is an inappropriate response. Neither "investors" nor traders should be doing this.
 
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The experts have already said in time of crisis, people buy gold ( and sell US $).
The experts also have said in time of crisis, people buy US $ ( and sell gold).

My goodness !!! What experts we have.

so if you listen to the experts or read news, you will end up in mental hospital.
 
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Stockolio said:
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
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I'm cautiously adding a little more. A 20% increase in my total lot size. If this works out then I'll add more. But I don't like this slight pullback now..

Let's see...
 
trader99 said:
I'm cautiously adding a little more. A 20% increase in my total lot size. If this works out then I'll add more. But I don't like this slight pullback now..

Let's see...
More...

I'm glad I added more to my original call options position(up to 28%). Today it's finally paying off! There was some scary moments. If I were to redo this trade, then I would sold at the local highs and buy back at the local lows. I know it's hindsight. Last week when my calls went down 50% I thought about tripling down! 3x my positions. If I had done that I would be up 3x today because it has gone up 3x from the lows! Hindsights. So far today, I'm up 68%.

Anyhow, I' still holding and riding this. It's been a wild ride and will be more wild swings. The options have not expired til Jan 2019. Let's see... I think there's still more room to run..
 
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Gold is a very good asset, but it is suitable only for long-term investments, gold is always in value and now metal trading is in perspective for me
 
syswizard said:
It's a huge fake-out IMHO.
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You think so? I really don't like the up and down swings. It looks to me as though it's breaking out for real now... I'm waiting for it to break through $1300.

I'm still holding my calls. I actually added more..
 
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