Marketsurfer's bold gold proclamation

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

Surf

making a call like that is like saying the dow will be at 17500
by end of 2009 or that oil will be at 80 by 6.30.09

if it is right you look like a genius but nobody can hold a large position or hang on to such a large move unless they properly manage their risk along the way and or even trade the smaller swings up and down within the call
 
Quote from SethArb:

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

Surf

making a call like that is like saying the dow will be at 17500
by end of 2009 or that oil will be at 80 by 6.30.09

if it is right you look like a genius but nobody can hold a large position or hang on to such a large move unless they properly manage their risk along the way and or even trade the smaller swings up and down within the call
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position sizing ithe key for these lon term projections.

I disagree that this is similar to calling dow 17000 etc gold 600 is still way over priced.
 
hey surf while i agree there could be a bounce into the 900s before another leg down... i vehemently disagree with this statement:

"Right now, the charts look uncannily similar between now and the end of the famous late 1970's gold bull... "

What are you talking about here? didn't gold <b>double</b> in price in less than a month? Didn't gold go up <b>24 times</b> its original price?

You aren't exactly helping your 600 dollar gold case with naive statements like these.
 
Quote from PaulRon:

hey surf while i agree there could be a bounce into the 900s before another leg down... i vehemently disagree with this statement:

"Right now, the charts look uncannily similar between now and the end of the famous late 1970's gold bull... "

What are you talking about here? didn't gold <b>double</b> in price in less than a month? Didn't gold go up <b>24 times</b> its original price?

You aren't exactly helping your 600 dollar gold case with naive statements like these.
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note the double top formation near the end of the 70's bull--then the retrace----talking eyeballing chart patterns, nothing else. this is simply one factor, the REAL factors are here also for 600 gold

http://www.tradingmarkets.com/.site/eminis/commentary/guestcommentary/-76723.cfm

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