Gartman says gold is going loooooower

Discussion in 'Commodity Futures' started by stock777, Dec 12, 2011.

  1. Very well so far. I bought DUST @28, then doubled down @22 and @20.

    It's @30 right now, and gold just began breaking down 2 days ago. My position still has a good amount of room to go up before I sell it all.
     
    #101     May 29, 2014
  2. blakpacman

    blakpacman

    What level you want to sell your DUST at an enormous profit?
     
    #102     May 29, 2014
  3. SunTrader

    SunTrader

    Broke down out of the range it was in but the trend reversed mid March.

    Anyhow can't argue with a winning trade but I personally only add to winners and cut down my size or outright exit when it moves against me.
     
    #103     May 29, 2014
  4. My bet is on GDX to make a new low sometime in june or july. If gold miners make a new low around $18-19, then DUST may be in the $40-50 range. I will look to sell at that point.
     
    #104     May 30, 2014
  5. Gold follows oil, so if oil goes higher . . .
     
    #105     May 30, 2014
  6. You should have sold yesterday and been happy to get out with a profit.....
     
    #106     May 30, 2014
  7. SunTrader

    SunTrader

    Don't you mean anyone long yesterday should have sold and cut their losses?

    I expect a short term low very soon. Then after dead cat bounce more lower lows to follow.

    The bear is far from dead.
     
    #107     May 30, 2014
  8. blakpacman

    blakpacman

    About 1/3 oil trading is WTI and 2/3 oil trading around the world is Brent price.
     
    #108     May 30, 2014
  9. ElCubano

    ElCubano

    You gonna eat some Dust :D
     
    #109     May 30, 2014
  10. blakpacman

    blakpacman