Gold will never go below $1,200 per oz again.

[peilthetraveler]

so far according the poll 89.5% say gold will go below 1200. 10.5% say it will not.

According to this site http://www.markettraders.com/faq.aspx

90% of all traders lose money. Hmm...90% of you think gold will go below $1200, yet 90% of traders are wrong. hmmm.

 

[Ivanovich]

That's a good way to defend your flawed hypothesis.

If I put a poll online that says "What color is the sky?" and then select "Red" while everyone else selects "Blue" can I use the same logic to say they are all wrong?

For the love of God, man. Use your head.

 

[peilthetraveler]

Quote from Ivanovich:

That's a good way to defend your flawed hypothesis.

If I put a poll online that says "What color is the sky?" and then select "Red" while everyone else selects "Blue" can I use the same logic to say they are all wrong?

For the love of God, man. Use your head.

No...you would both be wrong. The sky isnt blue or red, its colorless.

Use YOUR head.

 

[lilduckling]

sometimes the sky is blue. sometimes its grey.... (stormy days).... sometimes it black....(night) .......



GOLD TO HIT $1700 / oz!!!!

 

[thetrendfollowe]

Quote from makloda:

By your definition oil wasn't a bubble either, yet it still managed to drop 70% within 6 months after the 2008 peak.

Correct. In my opinion it wasn't a bubble.

$30 to $140 in four years is something like 34%pa, solid, but not overly ridiculous.

If gold ever does do something crazy like South Sea back in 1700s or CSCO during dot.com or like it did do back in 1979-1980, then it could drop much more than 70%.

 

[makloda]

Quote from thetrendfollowe:

then it could drop much more than 70%.

It can drop 80%+ any time, like anything else, no matter if it passes your bubble test or not.

 

[thetrendfollowe]

Quote from makloda:

It can drop 80%+ any time, like anything else, no matter if it passes your bubble test or not.

Agree, i was just offering my opinion.

Good trading.

 

[thetrendfollowe]

I will continue to ride the trend and milk it for as much as I can.

If/when it does make that major drop, my stop will keep me out of too much trouble

 

[peilthetraveler]

Getting a little nervous here. Gold hit $1,201. I may have to eat crow if it drops another buck.

Actually gold is doing exactly what it did when it broke 1100. It went to 1120, then dropped to 1100 then went back up to where it is now.

 

[Emini Maestro]

Quote from thetrendfollowe:

Correct. In my opinion it wasn't a bubble.

$30 to $140 in four years is something like 34%pa, solid, but not overly ridiculous.

If gold ever does do something crazy like South Sea back in 1700s or CSCO during dot.com or like it did do back in 1979-1980, then it could drop much more than 70%.

At which time I would cash out before such a drop, and take the 400% to the Euro, wait for the next drop, rinse and repeat.