GOLD upside breakout 1/23/07 - your thoughts?
- Thread starter diligent
- Start date
I just bumped into this thread a week late.
Yes, I bought em' off the same breakout as you. Of course I royally screwed it up by getting out at 50 and 54! Nice trade on your part.
I missed the last 6 bucks but happy with the 5 bagger from 607, as I exited at 650ish need the pull back to reestablish.....maybe after the first on the month....come back to me goldy.
Break out or not...this move is on the demand for gold not the dollar weakness.
Break out or not...this move is on the demand for gold not the dollar weakness.
OK, <b>now</b> you can say gold has broken out.
Fucking finally!
I bought a ZGJ 685 put Monday that's doing nicely.
Bullish sentiment was WAY up at the recent highs; the optimism coincided with a 62% retracement of the rally from last year's lows; and the move up was choppy and overlapping (i.e., corrective).
Is a long term top in? I think so. The evidence for a deflationary resolution to the boom is more and more evident as the weeks pass, and I've seen nothing to persuade me that the rush toward liquidity won't continue to drive precious metal prices down.
Bullish sentiment was WAY up at the recent highs; the optimism coincided with a 62% retracement of the rally from last year's lows; and the move up was choppy and overlapping (i.e., corrective).
Is a long term top in? I think so. The evidence for a deflationary resolution to the boom is more and more evident as the weeks pass, and I've seen nothing to persuade me that the rush toward liquidity won't continue to drive precious metal prices down.