Guess The Gold Bottom... I'm saying 850

Which one? Gold Short? Or Euro or Yen or...?

My main short USD position is Global bonds. I love the coupon kicker. Did you get that with your last 100K in bullion?

BTW: I'm curious ...what do you pay for storage? And which European bank do you use?

Quote from thriftybob:

How's that short doing, Doc?

I added another $100,000 of gold last night. It felt good.
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Quote from Dr. Zhivodka:

Which one? Gold Short? Or Euro or Yen or...?

My main short USD position is Global bonds. I love the coupon kicker. Did you get that with your last 100K in bullion?

BTW: I'm curious ...what do you pay for storage? And which European bank do you use?
More...

There are many places in this world you can pay to store gold safely, and its certainly not as expensive to store as the loss of value in dollars would be, let alone the loss shorting it.
 
Yeah no shit...I was asking where?

Perhaps you haven't read this thread thoroughly ...I've been long Gold since 2001.

Quote from thriftybob:

There are many places in this world you can pay to store gold safely, and its certainly not as expensive to store as the loss of value in dollars would be, let alone the loss shorting it.
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Quote from Dr. Zhivodka:

Gold is going MUCH lower.

By default the USD$ may creep a bit higher. However ....AU is toast.
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This post..........

Bye, Ole Ben made my point for me today.
 
Christ in heaven dude...Been long Gold mining shares since 2001 when the actual was $265...been long Global Bonds funds since 2001...Been unwinding the mining shares since March 18. and moving Cash deposits from Euro to USD since March 18.

It's very simple...nobody should be wedded to the barbaric relic.


Quote from thriftybob:

This post..........

Bye, I'm tired of playing troll bait. Ole Ben made my point for me today.
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Might be a little early to call it a bottom...imho. But looking at the last 24 hours of price action it appears that the near contract may be undergoing accumulation by gold bugs again.:)
 
Quote from turkeyneck:

Why is gold tanking after the crappy jobs report?
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because the US is selling gold to raise the $, this is not a strategy to bring gold down but mask an worse scenerio, read my post previous page. however soon you will see gold take off.
 
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