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V4 Vendetta
18 May 10 09:12
Joined:
Date Joined: 23 Nov 03
| Topic/replies: 11,712 | Blogger: V4 Vendetta's blog
I am still a long-term holder and see $2000/oz in a couple of years.  However, I see it as overbought and a 10 day or so retracement perhaps as far as 1150.  As a big holder, I'm just selling ATM calls for June.
Pause Switch to Standard View Short-term Gold punt (bearish!)
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Report Valero May 18, 2010 11:04 AM BST
the 1180-1200 area is massive support, if the price firmly breaches and then closes under those levels... it is likely to cause a sharper retracement back down towards 1000.
Report V4 Vendetta May 18, 2010 11:24 AM BST
That would be nice.  Chance to get more...
Report Biodiesel May 19, 2010 3:07 PM BST
Excellent call Goring

Iam busy shorting the AUS/USD, let that Gold short slip tru my fingers
Report V4 Vendetta May 19, 2010 4:42 PM BST
It's going well lately. Laugh

I see 1150 now as quite possible and others are agreeing with tuther chap on here for 1000.  I still think it's a buy though, but I'm small net short with a ratchet stop now.
Report paddletoe May 19, 2010 6:43 PM BST
All that glistens is not always gold. I read recently that a lot of companies who keep gold for their investors are leveraged 100 to 1.

If i bought gold i want definately want to be able to see it to know its really there.
Report Biodiesel May 19, 2010 7:17 PM BST
buy when the RSI is low, 40s would do
Report V4 Vendetta May 19, 2010 8:38 PM BST
That is true paddle.  Some folks are encouraging people to take delivery for that reason.  If enough people do, there would be a tidy squeeze that could make it fly!  I have a few bars already.
Report V4 Vendetta May 19, 2010 8:39 PM BST
Biodiesel - I avoid RSI by switching hands regularly.
Report Biodiesel May 19, 2010 9:51 PM BST
What you mean Goring?
Report Valero May 19, 2010 10:38 PM BST
Laugh
Report V4 Vendetta May 20, 2010 6:32 AM BST
It's a joke, Bio (barely).  RSI also stands for Repetitive Strain Injury.
Report Pastie May 20, 2010 6:44 AM BST
he means he likes to switch hands when he's w@nking.

Sadly I don't have that option as I have to use both! [;)]
Report Biodiesel May 20, 2010 11:31 AM BST
Silly
Report V4 Vendetta May 20, 2010 11:34 AM BST
You should get a stand for your magnifying glass, Pastie.  Free up a hand.
Report Biodiesel May 20, 2010 12:31 PM BST
yes, Pastie has being known to use tweezers also!!
Report V4 Vendetta May 21, 2010 9:10 PM BST
Well, I closed my cheeky short today.  Didn't have the cojones to be anything other than long over the w/e.  Who knows...  North Korea, Greece, Thailand, Tie Rack - any of them could go.
Report Pastie May 22, 2010 12:11 AM BST
Ha ha ha!!! Laugh

Nice trade Goring.
Report V4 Vendetta May 24, 2010 5:13 PM BST
Looks even better this morning.  I also picked up a stack of  100g bars online yesterday.  Hope you all bought some there cos it's off to a new high now...
Report Biodiesel May 24, 2010 7:25 PM BST
Gone long Gold as of today @ 1190, should gone in earlier 1183, think wer set for a nice upward move
Report Biodiesel May 24, 2010 7:25 PM BST
well done on the short too Goring
Report V4 Vendetta May 25, 2010 8:20 PM BST
Yes.  I got some more on Sunday night around the 83 level spot equivalent.  I am getting about as long as I want to be now and looking at getting some Long Bonds.  Don't know whether to buy some 30yr zeroes for the pension or just Long Bonds outright.  Bit of both I think, but I am in late this time round for bonds.
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