Im shorting gold and I dont care what anyone on ET has to say Price right now: $1002

thank you Port for confirming that i should be LONG gold. =]

im kind of confident we will break this 2nd test of the 1000 level. i just dont see us getting here at this point in time to bounce off of it.

its the perfect storm for gold in my eyes. short it if you want.
 
Thats actually a good trade but i wouldn't go all in. I think we test 6700 on the low and then we rally.

I think if we watch the AIG pattern tomorrow we will see the govt strategy. If they average down next week at 20 cents then we could rally. When we rally then gold is dow 40 percent in a short term. I think it has at least 20% growth from here...

You may be right but get clobbered for being too early. I would wait for 1100-1200. Top
 
Looking like a good play now so hey.

Why the call Port ?
A double top was forming ?
Creation units on the GLD going down/sideways or something ?

What was the signal what was the inspiration-- -- --
 
Quote from Port1385:

Time to go long the DGZ
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Fantastical call, bravo!

This thread is truly best example of reading ET does pay. I don't play ETF, but did on April contract.
 
Quote from ktrade:


Why the call Port ?
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He spouts off random calls, some simply have to be on point due to chance. Like Cramer. Just look through his posts.
Notice he never posts targets, but then, it's not like he trades.

$1000 is a good price to sucker in weak longs, naturally a shakeout should occur. I'm hoping for a serious pullback.
 
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