Time to go short SPY, Long GLD ?
- Thread starter syswizard
- Start date
more dip buyers! the gold bugs are the investing equivalent of the Heaven's Gate cult, they are determined to commit financial suicide whether their prophecies are proven right or not. keep it up guys, only 20 more years till the next PM bull market.
Lol just wait a little before you short GLD. Gold is headed lower. All these flash crashes end with a retest. Gold is going to retest $1080 and possibly head lower.
http://tradingslugger.com/2015/07/20/gold-will-head-lower-after-last-nights-flash-crash/
http://tradingslugger.com/2015/07/20/gold-will-head-lower-after-last-nights-flash-crash/
It's going to be volatile IMHO. As the European crisis unfolds, central banks are going to start printing money (again !) like crazy.
When that happens, look-out above.
Also, there is this notion that China looks to become huge buyers as gold goes to lower levels.
It is an interesting pair trade nonetheless.
When that happens, look-out above.
Also, there is this notion that China looks to become huge buyers as gold goes to lower levels.
It is an interesting pair trade nonetheless.
You made one the better early calls i have seen here on ET regarding gold.
Where is the love?
my attacks on Lescor and NoDoji for being poseurs did not endear me to the true believers looking for gurus . . .
I been buying Gold coins each month for several years just in case. But I been selling hard rallies in Gold and can't even consider buying it till 904, just a matter of time, just like waiting for Copper to get down 2.09. I have been selling Index highs based on two minute chart and volume and always hedging, taking off half at $2,000 in ES, NQ and YM. Life is just a matter of waiting, being patient.
China is a small player in the gold markets. Their reserves are still relatively small.
Just curious what coins are you buying every month? I don't think price of the gold coins fluctuates that much from month to month.