golds rally overbought?

C

cashclay

I understand the peoples temperament on the weak economy and their willingness to invest in gold but how much higher do you believe this can go?
 
cashclay said:
I understand the peoples temperament on the weak economy and their willingness to invest in gold but how much higher do you believe this can go?
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Never trust what you hear.
Believe half what you see.

Did they show you their portfolio?
Did they had long positions in gold ?
How much relative to their net worth ?

Lots of guy talk. They say To be bullish.
But behind the scene it's not in the game.
They talk ...... But without skin in the game.

By how much something will move ?
If you know it's going upwards.
You already has a fortune.
By how much ?
Billionaire.

One of Livermore's first rule:
!!! Never trade on other's tips !!!
 
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cashclay said:
theres a pullback comin soon
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All is said. "Comin soon".
The problem is that being right 1 month, 1 week or sometimes even 1 day too early and you are broke, out of the game. Noone got unlimited ressources and can hold forever adverse positions.
Timing is key.
So don't speculate, just follow the trend 'til it ends. On a ST basis, Gold could easily go to 1300 dollars without any correction.

CM
 
Handle123 said:
I went short again in Gold and hedged again, have to do what system says or it is just plain chaos. LOL
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Went short yesterday, I don't have a clue if it will go down up or sideways, program is automated, let her fly. Gold has to get down to 904 before system considers where to start buying. Trading much easier when you get down to not caring, I am just a robot.
 
Chris Mac said:
All is said. "Comin soon".
The problem is that being right 1 month, 1 week or sometimes even 1 day too early and you are broke, out of the game. Noone got unlimited ressources and can hold forever adverse positions.
Timing is key.
So don't speculate, just follow the trend 'til it ends. On a ST basis, Gold could easily go to 1300 dollars without any correction.

see i dont get that statement follow the trend. what is that suppose to mean. a stock could tank the very next second. it could hit the top and then drop suddenly and youre out. or you could get into a trend thinking the logic follow the trend and then it tanks and youre out. so follow the trend to me means crap.
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