Last few days where scarey for my short position in Gold. However, It looks like Gold is taking its turn to the downside. I added to my short position again today at 840 since it is nicely profitable.
Surf, yous shortz caint competes wit dat der leperchan posting up in dem gold long positions. http://www.youtube.com/watch?v=av3JqsmHju4&feature=related
Surf, Gold is going to really have to crash in order for your prediction to come true. In your opinion, has the fundamental picture changed to negate your prediction. From a fundamental point of view, Gold should be a lot higher. From a technical POV, gold is still in a downtrend.
Gold Downtrend? Not the last 50 days...see chart. What am I missing here? I too would like to know Surf if your trade is still on for sub600! Best regards, T200k
If only the dollars you are measuring in weren't increasing in number by 15% per year, the chart would be honest.
I was stopped out of my 859 $GOLD short. I'm looking to re-enter at 920--the re-test of LT trend line. All the talk of gold's excellent fundamentals is bag holder bait. Gold is a hedge of nothing, and the global economy has lost the resilience it once had to tolerate mass delusion in lieu of constructive capital. http://img379.imageshack.us/img379/5416/goldtrendlttrendlineol5.jpg