Why Gold has to go down...

Gold just got kicked in the balls.

 

It's down 2%. What an astronomical drop!

 

looks like a shot for $1000 + prices again

later in the day

might have to lower my sell order though

 

I will sell off another portion of GOLD today......$1026's hit.......very nice!

 

In the morning I am going to dump off another portion of my GOLD position.....$1054....$1056.....$1062.......heck, I don't care what the price is we are close enough to my $1066 price target to call it good......LOL!!! :eek:

 

Congrats man, great trade.

 

Now out of the portion of my LONG position I sold today......$1054's....not bad at all.

I see 1060's was tagged today.........WOW!

 

You trading GLD, fut contract or bullion?

I thought you held mostly physicals?

 

I have been selling out of physical positions.....if you have 1 Troy Ounce bars right now you can still get about $1051.00 with the late day slight pullback in GOLD.