Long stock long more gold

Debaser82 · Feb 16, 2010

Here comes the double digit goldstock upmove.:eek:

noddyboy · Feb 17, 2010

Quote from Ivanovich:

Looks like the long stock long more gold is becoming fashionable as there is no such thing as risk! Government will bail everyone out, so why worry!

I exit some and got stopped out over time. Up 5% on my capital allocated to gold since Nov, but not as great a trade as it could have been (up 30% at some point)...I am not getting back in gold.

:mad:

Ivanovich · Feb 17, 2010

Why not? The PPT won't let you down. Computers are the only one buying in the market anyway at this point. End of afternoon bid up is 100%.

It's certainly no one else! One computer buys from another. Algos running, HFTs control the world!

This is, of course, despite SPY being on the top of the "Selling into Strength" list today:

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=mdc_leader

Rodney King · Feb 18, 2010

Quote from Ivanovich:
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=mdc_leader

I'm not sure whether even Laszlo himself believes in moneyflow as a predictor any more. Anyone spoken with him recently?

noddyboy · Feb 18, 2010

Quote from Ivanovich:

Why not? The PPT won't let you down. Computers are the only one buying in the market anyway at this point. End of afternoon bid up is 100%.

I know I started the thread and I was really bullish gold before, but the price conditions don't support my argument anymore. I am seeking new opportunities in long dollar short real/euro.

Petsamo · Feb 18, 2010

Price action? What happened with the gold demand from China that you talked about?

christianhgross · Feb 19, 2010

Quote from noddyboy:

I know I started the thread and I was really bullish gold before, but the price conditions don't support my argument anymore. I am seeking new opportunities in long dollar short real/euro.

You are seeking new opportunities NOW in long dollar short real/euro????

Would that not have been more appropriate say 10 to 15% ago?

noddyboy · Feb 19, 2010

Quote from christianhgross:

You are seeking new opportunities NOW in long dollar short real/euro????

Would that not have been more appropriate say 10 to 15% ago?

I am late for the Euro, but the Brl Real is right between the 50SMA and 200SMA. It is still early in the game if this is a new trend.

christianhgross · Feb 19, 2010

Quote from noddyboy:

I am late for the Euro, but the Brl Real is right between the 50SMA and 200SMA. It is still early in the game if this is a new trend.

Ah ok... Understood...

Hmm... I was wondering about this. So I guess the next pounding will be the other currencies.

It is truly amazing how these bubbles are going around.