GOLD has topped !

Joe average in Germany might have been listening to Mark Faber's blather about gold reaching $5,000 an ounce.
The absynth must be especially good there in Germany!
 
Ready for a new crash ?

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Quote from EmAy:

636 downbreak, i m short !
More...

What ct you trading?

deece ZG didn't break 636. The low as of this post is 636.60.

I am flat, just covered a sht from earlier today.
 
Quote from Jayford:

What ct you trading?

deece ZG didn't break 636. The low as of this post is 636.60.

I am flat, just covered a sht from earlier today.
More...

i see... i bought put options on the XAU.

See my chart:
Low today 625.59 !

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Quote from Jayford:

What ct you trading?

deece ZG didn't break 636. The low as of this post is 636.60.

I am flat, just covered a sht from earlier today.
More...

Jayford, u got a chart of your ct ?

I let my profits ride and stay short. i think this is just the beginning....lower my stop to 638 !
 
Quote from niceneasy:

Rajiv,

I still think shorting gold is risky. Its a bull market. Its the strongest sector there is and plenty of reasons why:

demand>supply
geopolitical risk
crumbling us dollar

If Iran or Syria get involved in the crisis in the middle east - your stop will get blown out by $100 faster than you can take a second mortgage on your house.

But good luck anyway...

nne
More...

who is rajiv ?

u talkin' with me ?
 
Quote from EmAy:

Jayford, u got a chart of your ct ?

I let my profits ride and stay short. i think this is just the beginning....lower my stop to 638 !
More...

I don't even know how to post my charts here.

I'm a day trader, and gold is one of my main markets that I follow. I wouldn't be much help to you as I never hold anything for more than a few days, and even that is rare!

Cheers,

Jay
 
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