Registered: Jan 2010
04-17-12 02:05 AM
Quote from rockefehler:
OK, I'll put all my money into gold, and hold for the next 10 years. Now satisfied?
Had you done that ten years ago, youdv made 500%.
Strangely, if youdv bought (to open) the new york open and sold (to close) at the new york close, youd be -70%
So, how could you be negative by being bullish during the day (when overall, prices have been rising)? That could happen if the market is being manipulated.
Conversely, if you would have sold the new york open and bought the close (reversed positions) and held overnight, youdv made 4500% in the same time span.
Quote from RedTankEra:
Not sure what timeframe you are talking about but gold is acting strong during the afterhours, I'm presently long and looking for a test of 62-67 hopefully tonight tomorrow.