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Gold is my new short term baby.Big drop last night.In on this morning at what I hope near the days low of 1202.10. In for 20 contracts. Great opportunity for the upside.
The gold market obviously is not going to go straight up forever, but if one believes that a weaker U.S. dollar and higher inflation rates lie ahead, as seems quite likely, the long side of gold looks like the place to be if you are prepared to venture into a market that can become quite volatile.
The gold market obviously is not going to go straight up forever, but if one believes that a weaker U.S. dollar and higher inflation rates lie ahead, as seems quite likely, the long side of gold looks like the place to be if you are prepared to venture into a market that can become quite volatile.
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Do you put any stop losses in place on these trades - if so what %age do you generally run, 5, 10, 15% ?
I am in for gold from a low of 1000, I thought around late Dec it usually has a blip? Surely there is a correction on iyts way, im tempted to close for a while, but holding on at the minute
see :D a little dippy doo down to 1187 :(
Then up she blows ??
Then up she blows ??
lol!! haha very funny
pick urself up mrben, hope u used a close stop.
I tempted to go in now,dollar is rally key here
pick urself up mrben, hope u used a close stop.
I tempted to go in now,dollar is rally key here
still up over 5% on the month, so although tempting to go back in, think i will just sit out and watch
nasty fall, my first wrong call for a while. I averaged down at 1152.1 now long 40 @1177. closed around 1161 for a loss of about 6500$.Small change at this stage.
As I have said before stay invested at a very small proportion of capital and you can handle these adverse situations.
Questions is- has the game changed now? Will the us dollar rise now and gold fall more.Somehow I doubt it.
As I have said before stay invested at a very small proportion of capital and you can handle these adverse situations.
Questions is- has the game changed now? Will the us dollar rise now and gold fall more.Somehow I doubt it.
jobs were lost and yet the unemployment rate fell
arent statistics fun?
arent statistics fun?
if I was a china man I would!
raised up my stop, risk free trade,time for another position id say!!
raised up my stop, risk free trade,time for another position id say!!
mr ben-you've gone strangely quiet. i do hope you got out, really i do. would be nice having told everyone to buy what your strategy is now.
http://stockcharts.com/h-sc/ui?s=$GOLD:$XBP&p=W&b=5&g=0&id=p86927083300
or Chisel's preferred investment vehicle - http://stockcharts.com/h-sc/ui?s=RBS:$XBP&p=W&b=5&g=0&id=p03596830589
oh well i had to take a bath here.Lost 22,000$ on this trade. cant win them all I guess.Will move to the sidelines till after christmas.Still up since mid october around 170,000$. Am considering shorting my beloved aussie dollar.The game may have changed now so wait a little longer for some confirmation.
you will be back betting the same directions. and i dont blame you :)
mr ben - u know what i find strange about all this. remember yr aussie dollar post, a couple of months ago, when u told people to buy at around 88 (a few of us got on at 89, thanks again) and is onside straight away, yr post had a couple of replies in the first day or so.
u put up another trade, which goes against u almost immediately, and u get 14 replies in the first day!
enjoy yr christmas and thanks again - u certainly helped out with that aud trade.
u put up another trade, which goes against u almost immediately, and u get 14 replies in the first day!
enjoy yr christmas and thanks again - u certainly helped out with that aud trade.
what i find stranger is that mr ben tells the world and his dog to buy gold, it collapses and he goes quiet. i'm glad he made money on the other stuff but if you put your head above the parapet when times are good, same when you are hurting.
Get on the silver as well. Have you seen the drop today? Mental
Oops thought this was a current topic. Well it should be!
differing views bout gold.....some say it could hit $1500.....others say $3000......best judge going to be yourself.
In my opinion, a better long-term trade than Gold is to go long on USD / JPY.
Or... as a very short term trade, going long on EUR / CHF if we get down to around 1.46ish. The Swiss Central Bank have already intervened twice in the last week or so.
Gotta be good for a couple of hundred easy pips.
Or... as a very short term trade, going long on EUR / CHF if we get down to around 1.46ish. The Swiss Central Bank have already intervened twice in the last week or so.
Gotta be good for a couple of hundred easy pips.
gold is for gamblers,like betting on roulette,has no real value (well limted value) pays no dividends cost you to hold it (a bit dodgy round your neck)its from an age thjat has past ,unless we move backwards through some major catastrophe gold has only one way to go DOWN .(i'm not talking about next week).
Only offerd £5.50 a 9 carat gramme yesterday
Skinflints!!!!!!!!!!!!
:)
Skinflints!!!!!!!!!!!!
:)
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