Long stock long more gold

Quote from sledged:

I have heard way too much lately from the dumb money who are buying gold. This trade is so crowded and feels so toppy to me it isnt even funny. A college dropout told me how he just bought 12 ounces of gold because all this money that we are printing is going to lead to hyper inflation. This guy couldnt pass freshman level economics courses but hes an expert on inflation above the army of PHd's who dont see inflation for a long time. I am not ready to get short just yet because I think this hype train has some more steam in it. Can anyone give me some suggestions as to how a non-institutional trader like myself can short gold other than the GLD? I want to be able to take a longer term position, is the only way to do this through futures contracts? Any suggestions are appreciated, thank you.
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You mean you have been holding dollars in 09? Jeez. Though break.

Anyway, you can buy DZZ which is a leveraged gold short.

If you believe gold is going to 300$ an ounce and the mighty USD will rule once more you should buy it.

Good luck.:)
 
Quote from christianhgross:



Not even two days, two days! And already the "gold bull run" has collapsed and come to an end. Yeah gold has REAL value...

I have said it before and will say it again. Gold only has value if it is sitting in front of you doing nothing. The moment you cash it in, so will the herd and gold collapses in price... Tell me how this is difference than dot.com stocks of 2000?
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Gold is down 1.28% and people are calling the gold collapse as a given.

Come on, be serious please.

Goldman Sachs is down 2.80%.

You think they will get another bailout?
 
Quote from Debaser82:

You mean you have been holding dollars in 09? Jeez. Though break.

Anyway, you can buy DZZ which is a leveraged gold short.

If you believe gold is going to 300$ an ounce and the mighty USD will rule once more you should buy it.

Good luck.:)
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I dont think that gold is going to $300 but I think there is a good pullback coming within the next 6 months. The euphoria will come to an end for the sheep blindly buying a metal that is pretty much useless when you really think about it. The sheep dont know why they are buying it but they just do and its going up, same thing we have seen in every bubble everytime.
 
Quote from Debaser82:

Marc Faber: gold will never go below 1000 USD again

http://www.businessinsider.com/marc-faber-gold-is-never-going-below-1000-an-ounce-2009-11
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That is an interesting assumption. With the recent "glitch" in gold caused by Dubai, I am sure the smart money got out and are sitting on the sideline right now. There is no way these billion dollar hedge funds are going to buy gold given how it reacted to the catalyst. With Dubai and other European countries in potential trouble, reserves have to be reduced to prepare for bigger problems as they uncover all the cards. Given the high price of gold, I can see central banks selling gold, or at least stop from buying them.

If $1,000 became the support, then we will have to see if the saying "resistance and support are meant to be broken." is true.
 
Quote from sledged:

Any suggestions are appreciated, thank you.
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2 things, interest rate and saving rate of American. Interest rate is hard to manipulate at current record low. Anyway, fed currently is more on side of deflation than inflation.

AFAIK, BIS can and will accept gold as payment to debts since its inceptions, so don't discredit gold yet.

After all, we will see classic example of West(developed countries) lecturing on developing world on debt repayment soon. LOL
 
Quote from Pension_Admin:

That is an interesting assumption. With the recent "glitch" in gold caused by Dubai, I am sure the smart money got out and are sitting on the sideline right now. There is no way these billion dollar hedge funds are going to buy gold given how it reacted to the catalyst. With Dubai and other European countries in potential trouble, reserves have to be reduced to prepare for bigger problems as they uncover all the cards. Given the high price of gold, I can see central banks selling gold, or at least stop from buying them.

If $1,000 became the support, then we will have to see if the saying "resistance and support are meant to be broken." is true.
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All the banks and hedgefunds are up into their eyeballs in gold and goldstocks, all you have to do to find that out is do a google search on ownership.

As far as the dumb money being in gold today no worries, they will loose indeed by selling at 2000$ or 3000$ an ounce missing out on the 10k spike.:)
 
Quote from Debaser82:

As far as the dumb money being in gold today no worries, they will loose indeed by selling at 2000$ or 3000$ an ounce missing out on the 10k spike.:) [/B]
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I am a contrarian style investor and just feel that I would like to dip my toe into the water because of my belief that crowded trades are very tough to profit off. No offense but I feel that talk like this of $2, $3, $10k gold makes me want to sell into it, I of course would have a stop in above $1200, good luck to you.
 
Quote from Debaser82:

All the banks and hedgefunds are up into their eyeballs in gold and goldstocks, all you have to do to find that out is do a google search on ownership.
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I don't think looking at the ownership level is a good indicator of what the banks and hedge funds are doing. Banks and hedge funds most likely use derivatives to get in and out of their positions.

The big players never show their cards.
 
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