Marketsurfer's bold gold proclamation

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Quote from zboy2854A:

Well, at the rate gold seems to be going, we'll see $600 by the end of next month..:eek:
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I doubt that too, unlike Surf I advocate trades, rather than analyses (although I post longer term outlooks too), so if I am wrong I am stopped out, is Surf ever wrong?
 
Quote from JSSPMK:

I doubt that too, unlike Surf I advocate trades, rather than analyses (although I post longer term outlooks too), so if I am wrong I am stopped out, is Surf ever wrong?
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When you get right down to it, every trade or position is based upon analysis of what one thinks will happen. Whether it's looking for a long term swing trade to unfold over many months as Surf is looking at, or the next 5 hours, it's all essentially the same, and the appropriate risk management should be employed in the respective cases.

As to if Surf is ever wrong, I haven't read enough of his other calls to comment, but so far his long term call on gold seems to be progressing as he called it, so I'd have to give credit where credit is due.
 
Quote from zboy2854A:

When you get right down to it, every trade or position is based upon analysis of what one thinks will happen. Whether it's looking for a long term swing trade to unfold over many months as Surf is looking at, or the next 5 hours, it's all essentially the same, and the appropriate risk management should be employed in the respective cases.

As to if Surf is ever wrong, I haven't read enough of his other calls to comment, but so far his long term call on gold seems to be progressing as he called it, so I'd have to give credit where credit is due.
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Credit to analyses, but we will never know whether he was or wasn't squeezed out of his short, that is the only thing that matters, belief does not share the power of a margin call :)
 
Quote from JSSPMK:

Credit to analyses, but we will never know whether he was or wasn't squeezed out of his short, that is the only thing that matters, belief does not share the power of a margin call :)
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True. Only Surf knows that for sure, I suppose. :D
 
Caulk this one up to some right field, nut job, thread basher.

I have to credit Surf for the call so far, but I believe the current fall is due to Hedgies bailing for cash, and that's about to decouple as some of these hedge funds will go under.

At that point, the markets will shut down.

Doomsday scenario I know, markets won't go away but will be under a new global Britton Woods type agreement.

Gold will be +1000 making new highs by the end of the year.

mark the post.

fwiw.

btw, all good coin dealers I know will pay $15-20 over spot for coins atm.
 
Nice work so far Surf...
I was fortunate to change my position a while back too...at least for the short run...
Still holding stuff, but was able to capitalize on the dump...

Good call...
 
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