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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
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Poster Handle
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Anonymous Coward |
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Post Content
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Hey.
I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.
I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.
Do you run a subscription newsletter or anything?
Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
Quoting: Antipodean No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen. I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol Awesome thanks. I'll get reading right away! I've added this post to my favourites so I'll be watching it closely. If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs! Perhaps, perhaps. However a lot of paper stops have already been triggered in the recent downturn. My concern is the dropping price of oil. The often mentioned "all in costs" of production per oz. takes higher fuel costs per oz of extraction into account. Oil seems to be in a deflationary spiral, either because of a slowdown of the global economy or as a conspired smackdown of WTI and Brent in order to punish Russia (lower oil prices hurts oil dependent economy). Either way, lower fuel costs may allow the price of PMs to drop. Though in the longer run the price of oil will inevitably rise again. FWIW
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