I am bearish on gold

Quote from loza:

all these whining, unemployed, short term daytraders are losers
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As a whining, unemployed, daytrader I object to the redundancy in "short term daytrader". What would a long term daytrader be? Trades from a hut above the Arctic Circle in July?

Hans
 
I think probability very high next week we see central banks selling gold like shit and using money to buy US dollars ! Europe cannot afford to let euro get so strong.
 
Quote from taodr:

I think probability very high next week we see central banks selling gold like shit and using money to buy US dollars ! Europe cannot afford to let euro get so strong.
More...

There's not enough gold in the universe to support a falling USD. You might see a race to the bottom -- everybody lowering their rates.
 
Quote from taodr:

I think probability very high next week we see central banks selling gold like shit and using money to buy US dollars ! Europe cannot afford to let euro get so strong.
More...

Except the ECB told Sarkozy of France that they have no intention of preventing the Euro from getting strong. They're going to let it go up.

This was an article I saw somewhere -- someone else help me confirm?

Buying dollars makes no sense, because the US government's financial situation is precarious at best.
 
It is certainly good investment on gold if yield of other assets is low; and even better if inflation is higher.

please read my post carefully; I said the yield of 10 year go over 5%; then gold is very bearish.

IF EUR keep raising; then it will be good new for Chinese and other exporters to grab more European market; Increase the tension and trade deficit with them too.
 
Quote from heidegger:

As a whining, unemployed, daytrader I object to the redundancy in "short term daytrader". What would a long term daytrader be? Trades from a hut above the Arctic Circle in July?

Hans
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niiice...
:)
 
More all time highs in gold, there were some good short term sells in there recently but I hope the bearish guys on here were only short term short, same deal with the oil - $2 fast sell off then straight back up, crazy trading last week.
 
the only traders made money in 08 were the currency, oil and gold traders.
I mean serious $$. While some people maybe good at picking stocks and grinding out but not me.
 
Quote from loza:

the only traders made money in 08 were the currency, oil and gold traders.
I mean serious $$. While some people maybe good at picking stocks and grinding out but not me.
More...

Don't forget the shorts. :D
 
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