GOLD has topped !

Rearden Metal - Thanks for your reply. I have read quite a few of your posts and I value your opinion.

I am long Gold at 617 from back in July and added to my position at 615 a week ago. I have been daytrading it along the way for some pocket change but probably should have exited the swing trade on Tuesday. Would have been nice to get back in at 607.
 
Quote from edpolton:

Would have been nice to get back in at 607.
More...

I am guessing you will get another chance at that quite soon.

Those long physical, short paper are as usual the biggest winners in the end.
 
Gold down 3% in Asia today. I would not want to get in the way of this meltdown.

Hey where is Mark Faber with his 'jewelry demand in Asia' fairytale?

Always thought that argument was a load of nonsense.
 
(Red Ink inc I should be specific. It is the quickest US$5,000 I've made in the metals. Quickest trade was $US$7,000 overnight on TASR call options last year.
I trade very little of my available cash. I'm essentially a buy and hold investor)

Gold is really falling out of bed at the moment. A lot of negative sentiment.
 
But, but, but, but.... I thought you said YOU were VERY bullish on gold....So I went and sold all non-cash assets, raised cash, and then swapped all my cash for gold. Now I'm done in. :D



Quote from Rearden Metal:

Holy crap... anyone see what gold is doing right now?

<img src=http://www.kitco.com/images/live/gold.gif>
More...
 
i like the breakdown in gold and my fingers were itching last night to take some short... the part i don't get is who the fuck wants to be short gold on the 5 year anniversary of 9/11?????? might just be paranoid but seems like excessive risk. if some jihad bizatch gets all sentimental and straps a few kilos of tnt to his ass - shorts are gonna get it....

frankly - ditto for longing the markets... but what do i know
 
MMM....

$595 at present

Support $540-$580.

May have to start averaging in slowly. Yummy. But don't think we see above $635 anytime soon.
 
You must log in or register to reply here.
Back
Top