golds rally overbought?

I recently went to always in except being stopped out on add-on trades. Gold was exited before I went to always in based on original entry. Lots of time periods where it retraces or sideways, but opportunities to do time decay options while waiting for continuation of trend.
 
Chris Mac said:
Anyway, your short trade was what it was, even if you are hedged : a bad call with a bad timing, just recognize it.
I understand you will be right one day, and you are "a robot" (aka no emotion).
But being patient with no emotion gives you a better reward.
On a ST basis, I agree Gold is overbought. But what is the interest to anticipate the end of a bull trend? Better short weakness than strength.

CM
More...

LOL How did you put it "a bad call with a bad timing, just recognize it"

Your right, I have no emotion, it is just numbers, that's all it is are numbers, program does all the work, I check each day to make sure program does not do an Opps. Once you start caring of what others think about you, you are toast. No such word when trading, caring.

But I still believe now that one should not think it is oversold or over bought, anyone ever think Google would be the numbers it is?
 
Handle123 said:
LOL How did you put it "a bad call with a bad timing, just recognize it"

Your right, I have no emotion, it is just numbers, that's all it is are numbers, program does all the work, I check each day to make sure program does not do an Opps. Once you start caring of what others think about you, you are toast. No such word when trading, caring.

But I still believe now that one should not think it is oversold or over bought, anyone ever think Google would be the numbers it is?
More...
Shorting Gold is a ST bet. I would rather do the opposite. Be long and hedge for small corrections like the small one of these last days. Remember, Paulson aka mister copycat lost his shirt being long Gold all the way down. This is a strong buy signal!

CM
 
I wish I could buy but we all have our rules and have to do what I been doing. It be impossible for me to lose my shirt, it is painted on, LOL
 
Chris Mac said:
Shorting Gold is a ST bet. I would rather do the opposite. Be long and hedge for small corrections like the small one of these last days. Remember, Paulson aka mister copycat lost his shirt being long Gold all the way down. This is a strong buy signal!

CM
More...

he still manages 17 billion, wouldn't exactly say he lost his shirt

with that said, i'd be a buyer if 1188 holds
 
recession2016 said:
he still manages 17 billion, wouldn't exactly say he lost his shirt

with that said, i'd be a buyer if 1188 holds
More...
Right, today.
Paulson made 1 good year in his entire career, by finding an enough dumb company to take an insane bet.
16 Billion ? Bill Gross used to manage more than 200 billion, less than 1 billion today. Bill Miller 30 billion, less than 500 millions.
Ego kills.
King for a day, fool for a lifetime.

CM
 
I've started to build positions in coal. Just like biotech, I was very early in building a position. Held miners from September low(GDX), then got bear trapped before the 3 month move in a few weeks. Laughable.

Anyways I also like Gold a lot. Waiting for any pullback it will give me, and I will buy everything I can get my hands on.
 
You must log in or register to reply here.
Back
Top