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Gold has been up 124 months in a row according to kitco's Frank Holmes.
This has been bothering me since I wrote it. It didn't seem to add up from what I remembered and so i went back and took another look. here is the link and the sentence.
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***** update ****** for trading results 8/5/11 0 comments
****************** update **************************
Gold has been up 124 months in a row according to kitco's Frank Holmes.
This has been bothering me since I wrote it. It didn't seem to add up from what I remembered and so i went back and took another look. here is the link and the sentence.
"Gold has now increased for 124 months straight, says Deutsche Bank."
www.kitco.com/ind/Holmes/holmes_aug03201...
I am only looking at the GLD chart and going off my memory but I am going to say that is flat out wrong.
I remember the first push back from $1K and before that at $600 when I last bought.
Regardless, I believe gold is extended and due to pull back.
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StockTalks
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Out $AMZN $250 puts. Typical bread and butter buy the rumor sell the news trade.
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I guess no one gave a memo to the buyers of $AMZN that the Kindle isn't going to make money and the PE is at nose bleed levels.
Sep 6, 2012
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Shorted $AMZN via buying $250 puts
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