Im shorting gold and I dont care what anyone on ET has to say Price right now: $1002

Discussion in 'ETFs' started by Port1385, Feb 22, 2009.

  1. thank you Port for confirming that i should be LONG gold. =]

    im kind of confident we will break this 2nd test of the 1000 level. i just dont see us getting here at this point in time to bounce off of it.

    its the perfect storm for gold in my eyes. short it if you want.
     
    #21     Feb 23, 2009
  2. Thats actually a good trade but i wouldn't go all in. I think we test 6700 on the low and then we rally.

    I think if we watch the AIG pattern tomorrow we will see the govt strategy. If they average down next week at 20 cents then we could rally. When we rally then gold is dow 40 percent in a short term. I think it has at least 20% growth from here...

    You may be right but get clobbered for being too early. I would wait for 1100-1200. Top
     
    #22     Feb 23, 2009
  3. "...and i don't care so much, i'm going to post on ET"

    lol :D

    ~b
     
    #23     Feb 23, 2009
  4. Slugabed

    Slugabed

    Short gold, long commodities.

    They'll have to converge sometime.
     
    #24     Feb 25, 2009
  5. If you don't care, why are you posting it here? Affirmation perhaps?
     
    #25     Feb 25, 2009
  6. spot gold just hit 948.72
    this is a retracement. gold will retest 1000 afterward. could see 851.00 first though. be careful
     
    #26     Feb 25, 2009
  7. Im planning on buying hard at 889 or 867, or maybe at both. :)
     
    #27     Feb 25, 2009
  8. ktrade

    ktrade

    Looking like a good play now so hey.

    Why the call Port ?
    A double top was forming ?
    Creation units on the GLD going down/sideways or something ?

    What was the signal what was the inspiration-- -- --
     
    #28     Feb 25, 2009
  9. Fantastical call, bravo!

    This thread is truly best example of reading ET does pay. I don't play ETF, but did on April contract.
     
    #29     Feb 25, 2009
  10. He spouts off random calls, some simply have to be on point due to chance. Like Cramer. Just look through his posts.
    Notice he never posts targets, but then, it's not like he trades.

    $1000 is a good price to sucker in weak longs, naturally a shakeout should occur. I'm hoping for a serious pullback.
     
    #30     Feb 25, 2009