Good Morning. Time for a long position on gold?? Equities look pretty weak pre-market. Did anyone see the government is suing the banks for 200 billion.. haha? Hey Mr. Banks, I will bail you out so that I can sue you later. Meanwhile.. I'm shifting over to look for some shorts on the ES.
I agree, but this is equivalent to saying, "Very likely we'll see 700 once the second coming of Christ has occurred." A credible U.S. austerity plan is the least likely outcome of the current financial fiasco. Eurozone harmony is also a low probability event. They kicked the can down the road last year and it's going to be hard to do it again. The Germans do not want to bail out a bunch of insolvent countries.
Gold off $45 from this morning's 1911 mark. Now appears to be taking a cue from oil. I think it's fighting between Armageddon and deflation. This morning was the former, now it's the latter. Again, with no chances of higher wages to fuel more inflation, Gold is trading as a currency, not a commodity. I think it may have gone "bipolar".
Yea.. I agree. I looked at those charts and compared prices w/inflation adjusted just for the sake of it.
Fine. 6/10/2009 Long silver @ $16 7/2/2009 Long silver @ $14.24 7/2/2009 Long gold @ $959.88 5/11/2011 Long silver @ 38.53 People never seem interested in my trades. Last one I posted was in July and nobody seemed to care. Check it out if you like http://www.elitetrader.com/vb/showthread.php?s=&threadid=223961&highlight=ghl Now...does that give me the right to talk shit yet?
Maybe no one seems interested because you like to talk too much shit? What about gold? You on the sidelines for now? You kinda made it sound like it was a no brainer.. "you people that short gold.. blah blah".