There would have been some Aussies, but you can't expect gold to go below $1000 in worthless AUDs? :lol:
Silly question: when TA people were saying gold would need to hit $1250 or $1300 to indicate a breakout upwards would they have taken closes within a dollar or two, say $1147 or $1299 as having met the requirements or do they look for a decisive break through a very specific figure?
Not sure. Maybe it's got something to do with breakers? Wow so close to $1600 AUD.... Imagine how much an oz costs in Russia now... there'd be some people making a nice profit right now.
It isn't just closing above a level, it needs for hold above/below that price for a couple of days too. We have had so many false breakouts and breakdowns in the last three years.
I'm tempted after my buying spree in October/November.... it's like deal or no deal? Look at what the bank is offering me!
I get that feeling. Half of me is like "hey your up 10% in 10 weeks, don't be stupid" and the other part of me is all "hey don't be stupid, the global economy is tortoise, what are you going to do? Sell and put the cash in a 2.5% interest bearing savings account and watch the aussie drop 5% a month for the next year?". I'm torn in 2 directions. Kicking myself for selling a 1oz pamp bar for $1430 though. And yes, I wrote tortoise, I felt that amphibian better represented the word I'd like to have used.
That's what the other half of me is thinking, I've got nothing to spend it on if I did take profits now It'll just sit in a super awesome 2% p.a savings account whilst been eaten away by everything else. Might as well just enjoy the ride and see where it goes.
Exactly I'm in the same conundrum sell now and make a nice 300 or wait. I'm also tempted to buy more if it continues to go up, otherwise it will be just too expensive for me.
Don't ask me why, I don't have good technical reasons other than my recent experience watching previous Friday nights, but I think tonight will be good or at least not bad. No smack down is my prediction.
