Marketsurfer's bold gold proclamation

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sorry, game over for gold/silver.
The funny thing to me is everything the gold bugs were saying in 2004 on back has come true but the irony is that the irrational gold exuberance will blind them from every making a dime and "adding to positions" right back to where things started.
Housing bubble pop, credit bubble pop, dollar has been thrashed, gold crushed its all time high. What more do you want? Take your profits and look for the next good investment. Expecting the dollar to go to 0 and gold to 10 million is far more idiotic than super bulls during the end of the dot com bubble.
 
Quote from marketsurfer:

i agree on the cut, but 850 looks like next stop.....


surf
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Nailed gold here to the number thus far.

there is really limited understanding here concerning the real prime movers and xxxxx 600 by 4.1.2009 at latest.

suggest holding short.

surf
 
Quote from thriftybob:

Where is your stop loss at?

I'd be buying again anything sub $870. No point holding US dollars long term, IMO.

There were NO advisors recommending to be long gold that I know as of this morning. I'd bet that changes overnight, though.
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yeah, we were calling short since 955--- documented in almost real time here. the bears will crawl out of the woodwork now.

good luck

surf
 
Lets pretend he is wrong. You can still make money as gold goes down. I made so much money shorting gold these last few days. Isn't that what it is all about. Trying to be right or wrong is very very costly.
 
Stopped out at break even. This gold trade has been too damn good to me. It has been almost perfect. The fact that it did not tank with the jobs number indicates we have some support to deal through before we see some brand new panic :). I made total about 12k in shorting gold these last few days. It cannot get much better than that.
 
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