Gold Futures HIT TOP...time to short

Discussion in 'Metal Futures' started by increasenow, Feb 21, 2008.

  1. short now...you agree?honestly more pessimism could drive price even higher...you agree?
     
  2. ess1096

    ess1096

    Do you have any reason other than a "feeling" that it's too high in your opinion?

    I have my own opinion, as well as a short position in Gold.
    But I have a few reasons, all technical, for my position. That way it's easier to know when/if I am wrong.
    The last indicator to break down and make you sell/cover is the gut feeling indicator. But by then it's usualy too late.
     
  3. more trouble in the banking sector coupled with more rate cuts will drive gold higher
     
  4. Kind of a funny-looking rising wedge going on here. Climbing a wall of worry...a 30-50$ short term slump would not surprise me.

    [​IMG]
     
  5. Im not sure you want to short gold until it explodes like the rest of commodities. Wait until it looks like a wheat chart.
     
  6. metals should do well as long as M3 goes parabolic
     
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