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REPORT ABUSIVE 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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Punk-A$$ets |
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Post Content
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Well, shorting gold would have been a great idea after all. lol
See why I dont have a newsletter? Even from these crazy oversold levels the metals just sink ever further. I'l get stopped out today unless things reverse soon. Glad its just a small position.
Quoting: Punk-A$$ets Sheesh. I guess one good thing about living in Australia is that I don't have to watch the slam live during the day. I just wake up in the morning and see the meltdown! but yes I got a tad burnt after that. I'm seriously thinking of sitting out of the game until theres a solid bounce, then starting to set up a bunch of med/long term shorts and sit back for a year? I'm tempted to try and play the bounce also, but i've been getting hammered of late so probably best to sit out. And when will the bounce occur... off 1180, or will it slam right through!? I lost my shares but I'm a hardhead and I'll be searching for another spot to go long miners again. The dollar is just relentless just as MA advised it should be. But nothing goes straight up. I just read the commercials have huge bets the dollar will reverse and they're usually right. So, I'll keep searching for entry. I dont know if we hold 1180 or bust through before a bounce. I'll probably blow some more money trying to find it. Hmmm yeah I play throw my hat in. Looking for a bounce off 1180 with a correction in the dollar. Surely it has to happen soon huh!? I noticed V the Guerrilla just called a bottom in the metals. He has been pretty good with GeoPolitical picks, and doesn't really give out PM/Market predictions, so this is a big call. Goes against Martins picks though. How about we go each way and setup long positions in Gold and keep some pretty tight stop losses! It'll prob turn on a dime but I cant short the dollar. I'm really only interested in the miners right now although I have my eye on grains for an investment at some point. I'm not very good a shorting the market even via etfs and I sure wouldnt have the guts to short them from here. A bounce will come and it could be a fantastic profit opp.
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