Why Gold has to go down...

[AMT4SWA]

Quote from AMT4SWA:

Covering 10% more of my physical GOLD position today.....$986.00 target achieved. Next targets at $1026.00 and $1066.00......no targets above $1066.00 set at this time, any trading above this level I will use to cover remaining positions based upon price action. :eek:

Selling out of all held positions added on the pullback over these past months now that $1006 price target traded today. Next targets remain at $1026.00 and $1066.00 per long term trade plan.

GO GOLD GO....COOL...... http://www.youtube.com/watch?v=aDaTr8_QzdI&feature=related

 

[zdreg]

Quote from janvir19:

$600 gold would be nice...perfect point to scoop up as much as possible for an investment. I also note that there is major long-term trend line support around there.

40% down doubtful but anything is always possible

 

[cunparis]

Looks like there is a lot of supply here. Price is stuck on very high volume. I smell a false breakout..

 

[matgallis]

1k will soon be the old 700

 

[cunparis]

Quote from matgallis:

1k will soon be the old 700

Gold was at 880 in 87 and fell down to 420.

 

[cleveland45]

Heavy foot on 1000 as expected. This is getting interesting.

 

[AMT4SWA]

Pulled some early today below the $1026.00 level target to lock in additional profits....Sep contract was at 1019's high as Oct contract was at 1024's high. I sold off more of my position for 1017's today....good enough!

 

[matgallis]

Quote from cunparis:

Gold was at 880 in 87 and fell down to 420.

gold was pegged at $50 an once also. Quoting history is fun!

 

[SethArb]

I actually was working on the comex in 1987

I must be getting a little old in the tooth

have my sell order in @ 1033.40 basis dec futures though just in case for
a tooth !

http://gold-teeth-grills.com/wp-content/uploads/2008/08/no-mold-gold-teeth.jpg

 

[Debaser82]

Quote from SethArb:

I actually was working on the comex in 1987

Please share your view on the manipulation theory.

Thanks!!!