Gold A "Safe Haven" In This Market Decline?

Discussion in 'Trading' started by Scataphagos, Nov 20, 2018.

  1. themickey

    themickey

    Yep thx, I was thinking more in terms of unleaveraged stocks, but you are correct, currencies or shorting some commodities or futures would do the job.
     
    #41     Dec 14, 2018
  2. trader99

    trader99

    When dollar goes up, gold goes down...
     
    #42     Dec 15, 2018
  3. trader99

    trader99

    Yet another gold rally. Will it hold or be yet another failed breakout... Time will tell.
     
    Last edited: Dec 17, 2018
    #43     Dec 17, 2018
  4. trader99

    trader99

    Yes. $1259. Break out to $1300 would be really nice...
     
    #44     Dec 19, 2018
  5. themickey

    themickey

    Still looking good, continuing its climb, no sign yet of any danger, Fed announcement at 2pm I believe.
    EOD traders need to learn to....
    golden_pup_grass4.jpg
     
    Last edited: Dec 19, 2018
    #45     Dec 19, 2018
  6. themickey

    themickey

    Powell has driven a nail fair and squarely into gold's coffin. GTFO!
    driving-nail-coffin1.jpg
     
    #46     Dec 19, 2018
  7. trader99

    trader99

    It rallied as high as 1262 while I was at work. I thought finally it was the breakout I was looking forward. I had a day of meetings. Then check after my meetings, I couldn't believe my eyes! GC went back 1246. My call options lost like 50% right after Fed speaks?!!! I'm still in it because I still have faith in this long-term position. Expiration is 4 weeks.

    But I wished I had gotten out all of my positions this morning and bought back in at the close. Very frustrating to trade gold and gold derivatives..
     
    #47     Dec 20, 2018
  8. Cuddles

    Cuddles

    I dunno
    upload_2018-12-20_2-9-6.png
    upload_2018-12-20_2-9-59.png
     
    #48     Dec 20, 2018
  9. trader99

    trader99

    This morning I woke up late. My gold call options not only recovered its fall yesterday but went to new highs!!

    The question is do I sell, hold, or add ???
     
    #49     Dec 20, 2018
    tomorton likes this.
  10. It's a bird... It's a plane... It's Gold! Hahaha were going to the top! Gut Feeling Jerome Powell destroyed confidence in the US Dollar, if your company has any momentum at it's back ride it... Oil will eventually outbreak in next few days, I am riding gold mine call until early Jan, getting rid of uranium mine stock at end of day most likely and blasting puts
     
    #50     Dec 20, 2018
    trader99 likes this.