Time for you gold geeks to feel the love

I was bullish gold for many, many years...now that the whole world is bullish gold, I am going the other way. Sure was profitable the last 2 days. The last run up took 5 weeks. The drop took one week.
 
Quote from PaulRon:

this is a buying opportunity you blind bat - gold is in a raging bull market.
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Its still not buying opportunity.
Gold will fall more.. i would have my cash ready..
 
Feds are requiring banks and brokers to de-leverage their clients....hedge funds are selling.....

I wouldn't count on any bounce....

If hedge funds been getting 20-1 leverage and now have to come back to 10-1....that is a lot of money not in the market any longer

Think about it: Hedge funds will cover short posistion...roll out of commodoties long.....what's left....has to be equities ???

We may be in for a huge bull run....???? who knows...

SteveD
 
Hmmm - specter of inflation killing the dollar as Gold & Oil skyrocket -

Fed cuts 3/4 and then changes to higher margin requirements on gold to create a sell off and make inflation look like its no problem.

LOL - It's good to be king.

I have no position just think the manipulation is funny.
 
Quote from SteveD:

Feds are requiring banks and brokers to de-leverage their clients....hedge funds are selling.....

I wouldn't count on any bounce....

If hedge funds been getting 20-1 leverage and now have to come back to 10-1....that is a lot of money not in the market any longer

Think about it: Hedge funds will cover short posistion...roll out of commodoties long.....what's left....has to be equities ???

We may be in for a huge bull run....???? who knows...

SteveD
More...
CME increased performance bonds on almost everything in the last month also
 
Gold climbs to 1000+ and drops 100 bucks and everyone says the bull market in commodities is over with, Dow goes to 14k down to 11.7k and everyone says its still a bull market. Gold and other commodities had a minor correction, im neither bullish or bearish on commoditites, but it certainly amazes me to hear that the bull market is over after the 1st minor correction.
 
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