Hey surf. How is it going. I love to short BUT am thinking that gold action lately looks strong. It has blown thru significantly right past key resistance levels of 930. There seems no end in sight to disaster that is the fed. Just wondering if you still stand by your post. SHORT3R
no, not all. we are anticipating a massive global commodity sell off at some point between now and 4.1.2009, led by the metals, potentially due to inherent structural and core issues in large metallic financial operations. take it as you will, mr. bob. surf
Don't tell me that. I just bought GLD the other day at 91.70. Reasons: 1. Inflation 2. I think the dollar will weaken 3. Panic in the financial markets. But I will probably dump it when the VIX spikes to 35. operator
the DX kept falling after hours and soon may have a 71 handle. GLD avoided the typical friday afternoon swoon.
As it stands it's way too vague, it's not even a call, just a prediction as there is no hint of risk control. What if it goes to $1500 before it goes to $600? What's with April 1st '09? Is it your birthday?
Surf !!! I just "got it " if by april first 09 your prediction does not pan out you have my permission to tell the ET community "APRIL FOOL"
Out of my fade Surf long GLD trade at 96.00. +10% on the trade. 5% stop was never hit. Thanks Surf, it took a while, but it was a great trade!