Long stock long more gold

If everyone is long on gold, does that mean the price will stop going up? :O

 

If everyone is long then price would need to go down to attract more buyers.

 

Potentially - since it's easy to buy gold on very slim margin, people can always go more long. But like all credit bubbles, it will eventually pop.

My feeling from watching the broader markets the last few weeks is that we're seeing something like equilibrium. Whether that translates to gold going sideways too is anyone's guess.

 

positive autocorrelation shows market is not clearing so not all longs are in.

 

Closed my gold position. Will look to re-enter if dip is large enough, or scale back in slowly if rise continues. But not bad, 100 XAU/USD @ 1057 to 1214.

 

Holy shit! I just looked at XAU/USD and it just collapsed!

Wooohoo! Talk about a friggen Indiana Jones type escape!

Wherever this stops, I'll buy in.

 

Alright, bought 20 units @ 1211.18. Cautious re-entry. Limit orders stacked up toward highs.

 

Stopped out @ 1210. Sitting tight.

 

You really should let it sink a little more than 3 pts.

 

Why? That's what the dips have been in the recent past. Doesn't matter, the amount getting stopped out on a 20 unit scalp for a few points is far outstripped by the profit made in 100 units from 1150.