User 244491

Gold and the Dollar: Putting the Relative Cart Before the Relative Horse

Did you bought Gold at 415$ and still keep it (I bought Hecla Mining at 53 cents sold at 1$ back in 1998,not sure you heared of GC back then) or you bought 1 oz American eagle coin and now portray yourself as wise man?
The question is not what one bought/sold it is question of stupidity,I suspect you belong to that category,the question is when you sold.
I could sell Boots and Coots Inc.(symbol WEL) that I bought for 6 cents I think in 1999 for 10$ 2 years later but I sold for 12 cents.
If you are long Gold at 415$ and didn't sell it at 900-1000$ then you are loser and big balls guys know about it,they will make you sell at a loss and then buy for themselves when pikers like you be bearish.
You wrote death penalty in this article for yourself,as you prove that you are a loser,now waiting for gold to go back to 1000$ as your greed tells you it is right place to sell but at 1000$ people like you become bulls again that's why your chances to bail out are slim.

This Gold Correction Has Further To Run

Gold will always be Gold,GC as commodity has ATR (average true range) of about 30$ a day lately.Sell on reaching the higher band,buy on lower.Don't be a bull,don't be a bear,it is dangerous game right now with too much interest on both sides.Let the big egos fight,you can swim in between while they will settle the trend.At the moment trend is down so why to jump sinking ship,I am doing the same only with Crude Oil,day trding on some days 70 futures contracts for the difference of 10 cents but my longer term strategy I sold 130$ October calls,100$ October puts,this brings some time decay while I swim in and out of dangerous waters that are not dangerous at all when one is not greedy.