The Surf Report--part 2

veritas007 · Apr 18, 2011

I'm on the short gold surf train. All other commodities were down. How can you explain the divergence Gold and silver vs the other metals? More demand from central banks?

fly down · Apr 18, 2011

Quote from EPrado:

Surf, I don't know how you can come on here each day and say Gold is gonna get walloped.....blah blah blah. Almost put in the 1500 print today. It sets highs every day amigo.

Hey EPrado--surf is definitely wearing his red nose and orange afro every time he talks gold. He's been short gold since like 700, it's gone against him 100%. Now that's quite a feat to be that wrong with no admission.

Quote from marketsurfer:

without ironclad risk control and position limits it can be disastrous.

lol

Spooz Top · Apr 18, 2011

Quote from fly down:

Hey EPrado--surf is definitely wearing his red nose and orange afro every time he talks gold. He's been short gold since like 700, it's gone against him 100%. Now that's quite a feat to be that wrong with no admission.

lol

+2...my sentiments exactly!

marketsurfer · Apr 18, 2011

What? I absolutely admit to getting crushed in my "bold gold call". It's all documented here. Surf

veritas007 · Apr 18, 2011

So anyone besides Surf have an opinion on Gold?

Builder17 · Apr 18, 2011

Quote from veritas007:

So anyone besides Surf have an opinion on Gold?

longs gotta take profits sometime. preferably tmrw--> through end of april :]

volente_00 · Apr 18, 2011

Quote from volente_00:

Still in play

88-92 is value

You still holding 99 surf ?

The clock in ticking

EPrado · Apr 18, 2011

Quote from fly down:

Hey EPrado--surf is definitely wearing his red nose and orange afro every time he talks gold. He's been short gold since like 700, it's gone against him 100%. Now that's quite a feat to be that wrong with no admission.

lol

My old horse friend...how ya been? I am still hurting from Ice Box not winning The Derby. Actually haven't been playing the horses much at all....been putting all my efforts into trading. The horse game has changed too much...synthetic tracks....horses retiring too soon....drugs/cheating trainers.....the game has gone down hill fast.

As far as Surf...he has his strategy...while I don't agree with a lot of what he does/he says.....if it works for him, that's all that matters.

The guy does have some very good ideas (CROCS...great call...but way too early)....but he insists on stepping in front of trains.

Pekelo · Apr 19, 2011

Thus spoke Zara...., I mean your modesty.

Quote from Pekelo:

You are better off taking 10-15 pts at a time and reshort.

After your position being up almost 10 pts, you are promptly back at breakeven. Also, if you ever studied gaps under me, last night was an excellent 2nd gap play and when ES at 95, you had a pretty much guaranteed 5 pts gapfill if you were long. (in your case closing the shorts and switching to long, you still would have got the 10 points)

Now it is Tuesday...You know what it means???

marketsurfer · Apr 19, 2011

Quote from volente_00:

You still holding 99 surf ?

The clock in ticking

Yes, ofcourse, there has been no change. waves of bad macro news on the way. Ramping up position size, adding 2 more contracts at 1302.50. Staying short gold and SP

It's going to be rough...