August Gold (GCQ7)

Discussion in 'Commodity Futures' started by Realist, Jun 14, 2007.

  1. well with the dollar as weak (1.3460euro + 1.999 sterling) as it is and Oil trading 69.00, copper just shy of 7500 LME

    gold still cannot break back above 656 cash level

    something is very wrong with this picture
    not looking very positive at all......
    #21     Jun 22, 2007
  2. Another hammer on GLD. I was surprised to see the dollar down and gold up on friday with the Philly Fed index so strong.

    If stock market falters or hedge fund collapses spread, will it affect market causing GLD sales to dump gold on spot market like back in Feb?
    #22     Jun 23, 2007
  3. bonds


    Im still noticing the correlation of gld selling off as the market dumps, however the inverse is not true which isn't a good sign for gold longs right now.
    #23     Jun 24, 2007
  4. So, is that it for the selloff, or more to go?

    Any thoughts?
    #24     Jun 27, 2007


    <object width="425" height="350"><param name="movie" value=""></param><param name="wmode" value="transparent"></param><embed src="" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"></embed></object>
    #25     Jul 1, 2007
  6. #26     Jul 2, 2007
  7. LOL! Gold Expert and Kitco should not be in the same sentence.
    #27     Jul 2, 2007
  8. ??

    Maybe he meant next month? Year?
    #28     Jul 2, 2007
  9. bonds


    ahh of course, elitetrader posters are never wrong...
    #29     Jul 2, 2007
  10. Realist


    looks like we finally hit some kind of intermediate low. Still out of GCQ7 but now long the load of September Silver (SIU7) as the upside looks much more favorable then gold.
    #30     Jul 3, 2007