Gold just breached $1200

peilthetraveler · Dec 1, 2009

And i shorted it at $1,200.30 Lets see if i can make a little bit of profit on this trade and see if it gets back downto 1195.

SethArb · Dec 2, 2009

dude ... be careful

long term seasonal charts

show gold usually rises this month

the next few days are critical for the peso

oops I mean $$$

drsteph · Dec 2, 2009

u got bigger cojones than I peil... when I short this it will definately be through options! Could get wacky.

makloda · Dec 2, 2009

Quote from peilthetraveler:...see if it gets back downto 1195.

Talk about picking up nickels in front of a steamroller.

luckyluciano · Dec 2, 2009

X2 on this one! Oh wait. I get it. Trade against the trend.

Quote from makloda:

Talk about picking up nickels in front of a steamroller.

Ivanovich · Dec 2, 2009

Don't worry, he'll get out "just in time". All the posters here do.

SethArb · Dec 2, 2009

http://msnbcmedia3.msn.com/j/ap/bc0f966a-fac3-431c-84a8-93d3f8229539.widec.jpg

god bless the american peso

oops ... I meant the dollar

noob_trad3r · Dec 2, 2009

1208.90 now

DrPepper · Dec 2, 2009

Gold does not seem to be respecting levels since it passed $1000. It just blew through $1100 and seems to be doing so at $1200 as well. The only thing that will cause a temporary correction in gold is another global catastrophe that will cause fear in the markets and a rush back into the US dollar.

http://www.businessinsider.com/as-g...o-increase-its-holdings-significantly-2009-12