Discussion in 'Commodity Futures' started by stock777, Oct 10, 2008.
down another 10 since my timely post
My theory is that traders are moving out of gold and going long on the index futures. I think ES/YM/NQ have a lot more potential than Gold at this point. Gold was going down and only got saved by people "safe haven" buying. Gold near 10 year high doesn't seem safe to me. But the indexes at their x year lows seems safe to me.
so much for the safety trade
down 20 $ since my timely post.
Silver back at lows. Ugh.
selling gold, buying canned goods and rifles.
?.........gold can make a similar percentage drop as the S&P-500 for deflationary purposes and all of that B.S. about preservation of purchasing power.
USD and yen continue to be king. I wonder how long this lasts
Gold down methinks because everyone is pretty much liquidating everything.
Plus market markers can't really like buying bids on anything these days
Down 50 since my call an hour ago.
Who your daddy?
Who da best.
and for free no less
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