interesting. the markets are attempting to price unprecedented demand for materials, unprecedented supply of money and credit, and all the risk that comes along with it. Anything could happen. "unprecedented" is used figuratively.
hmmm .. if you went long @ 662 why did you not have a stop in place then or take partial profits on the highs yesterday afternoon or early this am when the prices were holding above 670 -675 ? anyway ... if this was a paper trade or just commentary on the market ... my apologies
bite your tongue! but seriously, i would hate for this to slowly grind down. I hope this drops sharply, get it over and done with so I can start scaling in.
Because I look for trends. If a strong one develops(meaning tens of % of profit), I usually buy gold stocks. But this was just commentary, because I feel gold stocks are not buys yet . I'm a lazy guy, like to sit in a longer term trend... Anyways, 649 potential bottom. I will only go long if other factors(intermarket etc)fall into place as well...