Gold is on a bear tear!

Here's a particular Gold Futures Calendar Spread that I've been short for a long time - until recently it's been quite thin, but working best offer I've been able to scale into it over time.

2cptdvl.jpg
 
Handle123 said:
I need Gold to get to under 903.9 before I can start thinking about buying it, I staying short. Been buying Silver, some makes first targets and others hit stops, always hedged eventually on entries.
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I keep shorting Gold/hedged couple years, has to come much lower for system to reverse, the recent decline has helped for small losses due to hedges. Am still long Silver and Copper.
 
Handle123 said:
I keep shorting Gold/hedged couple years, has to come much lower for system to reverse, the recent decline has helped for small losses due to hedges. Am still long Silver and Copper.
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How does that work short gold and long silver, when they operate in tandem?
 
themickey said:
How does that work short gold and long silver, when they operate in tandem?
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I stopped thinking back in the 90s of the "whys", and now all automated and think of it even less. Why does anything go up and down, stories come out after the fact, I been using same very long term commodity system since late 1991, I am just a dumb monkey on a string or is that puppet on a string....LOL
 
themickey said:
How does that work short gold and long silver, when they operate in tandem?
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That's the first question that came to my mind as well. But I guess, theoretically, he could exit them at different times for a profit.
 
bone said:
Here's a particular Gold Futures Calendar Spread that I've been short for a long time - until recently it's been quite thin, but working best offer I've been able to scale into it over time.

2cptdvl.jpg
More...

Is that weekly chart for GC Z7 - GC M18?
it looks different from my spread chart.
 
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