Gold capitulation: when John Paulson throws in the towel?

John Paulson will sell when gold drops to:

  • $1,400

    Votes: 2 6.9%
  • $1,300

    Votes: 3 10.3%
  • $1,200

    Votes: 6 20.7%
  • $1,100

    Votes: 4 13.8%
  • $1,000

    Votes: 14 48.3%

  • Total voters
    29
Quote from Zr1Trader:

Believe it or not NG (paulsons largest miner holding)just went positive for the day. lol

Yes, after getting sledge-hammered by 13% last Friday @%!
 
Quote from Zr1Trader:

Believe it or not NG (paulsons largest miner holding)just went positive for the day. lol

take a guess why. last friday does not have much to do with it. it is now 2.49 down 5%. now that didn't take long.
 
I'm a buyer when Paulson liquidates. He'll be most likely adding to the position using other people's money. I doubt he has a stop loss, someone else decides his stop loss...
 
Quote from benwm:

I'm a buyer when Paulson liquidates. He'll be most likely adding to the position using other people's money. I doubt he has a stop loss, someone else decides his stop loss...

yeahhh. its how every successful famous trader does his job. well maybe except simons and dalio.

they all add to losers , bankrupt several times and make billions for themselves. the script repeats itself and nobody in the audience has any idea...
 
Quote from Zr1Trader:

Believe it or not NG (paulsons largest miner holding)just went positive for the day. lol

this is a great observation. the rule generally is when a stock stays flat/rises when the market is getting clocked that is a huge tell.

there are worse trades out there then going long NG w/ a tight stop below yesterday's low. my own $0.02 USD is that someone is going to buy this out soon after the drop and that's why it rose.
 
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