Gold just breached $1200

And i shorted it at $1,200.30 Lets see if i can make a little bit of profit on this trade and see if it gets back downto 1195.

 

dude ... be careful

long term seasonal charts

show gold usually rises this month

the next few days are critical for the peso

oops I mean $$$

 

u got bigger cojones than I peil... when I short this it will definately be through options! Could get wacky.

 

Talk about picking up nickels in front of a steamroller.

 

X2 on this one! Oh wait. I get it. Trade against the trend.

 

Don't worry, he'll get out "just in time". All the posters here do.

 

http://msnbcmedia3.msn.com/j/ap/bc0f966a-fac3-431c-84a8-93d3f8229539.widec.jpg

god bless the american peso

oops ... I meant the dollar

 

1208.90 now

 

Gold does not seem to be respecting levels since it passed $1000. It just blew through $1100 and seems to be doing so at $1200 as well. The only thing that will cause a temporary correction in gold is another global catastrophe that will cause fear in the markets and a rush back into the US dollar.

http://www.businessinsider.com/as-g...o-increase-its-holdings-significantly-2009-12