Soros gets out of gold, Paulson & Co cuts SPDR Gold shares

[ironchef]

I use percentages for retracements in 9 year ranges, and Gold not heavy enough to buy. Usually in 9 year cycles there is a at least one extreme high/low, I want to get min 75% of each range and now I approx. do, sometimes it is exactly to the penny almost and other times like continuing to sell Indexes, why I hedge to help with continuing losses. But each futures I have targets for 25% of my position to take off to recoup losses on finding the extremes and the 75% are very huge profits. Along the way I have developed several ways to add to position(most have been 18 added positions over 2 years) and dance now many different option plays whether to hedge open profits expecting a turn, or if system shows stagnation due will sell option spreads. This is almost an always in system I developed in 1992 and has become so much more as years have past as my knowledge increases like anyone who plays same game. Anyone who does same thing day after day should get good with whatever they do, would you not agree?

Thanks for the reply. There is no substitute for knowledge. If I study sliver day after day for years maybe I can find trends/tradable signals too.

Regards,

 

[Jones75]

Anyone here trade/bought gold, gold funds or gold mining companies?

Using long ABX stock and options as a hedge on portfolio for the past six months. Too much uncertainty in the world for me to be unprotected.

 

[Handle123]

I been short Gold since 2011 and for long term have to remain short, I will buy shares in stocks on uptrend but am quicker to get out as my long term system is waiting for the commodity to go lower, but Gold had to go under $1000 for consideration to reverse. I don't have any opinion on it dealing with world economies, it just another market, but I am long silver and copper.
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Still short Gold/hedged as per system rules, few hit first targets and rest stopped out at breakeven or losses on futures and hedges help.
Been doing rollovers in Long Silver & Copper for awhile and doing add-ons of deep retracements, Silver & Copper has to go higher before can look for reversals.

Trading long term like watching paint dry.