Next week is an opportunity to SHORT gold

Discussion in 'Gold' started by leon1998, Jul 22, 2016.

  1. leon1998

    leon1998 Member

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    Wednesday if gold pops after FOMC annoucement, short it.

    Hopefully gold can get closer to 1,400 usd/oz ;)
     
  2. leon1998

    leon1998 Member

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    Open short position on gold @1354.5 USD/oz
     
  3. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    You're brave mate...
     
  4. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    What's your target price?

    What financial instrument are you using to short?

    What is your leverage ratio?

    ta
     
  5. Topherclaus

    Topherclaus Active Member

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    Has anyone ever seen actual proof of trades by Leon or is he still waiting on his allowance to move from the demo mode?

    Given the nice pullback we just had I think shorting at '54 is a brave move... Don't want to spend all those demo dollaz at once.
     
  6. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Make any sense? Just short it!
     
  7. Topherclaus

    Topherclaus Active Member

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    So how's that short going? I sold out of my buy yesterday for a tidy $875 profit in 6 days. Caught that solid peak exactly.
     
  8. leon1998

    leon1998 Member

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    Non-Farm-Paroll beats market expectation by a wide margin.

    Gold being smacked down, 1347 usd/oz now and keeps dropping
    ;)
     
  9. r1lee

    r1lee New Member

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    hoping it goes lower!!
     
  10. leon1998

    leon1998 Member

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    1339 usd/oz and lower :)

     
  11. Snoopy

    Snoopy Member

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    So a Non-Farm-Paroll matters more than a Brexit with Interest cut.

    Got it. Everything is Awesome again.
     
  12. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    The USD gold price is all about the Fed and US interest rates atm, so yeh, kinda.

    I'm sure the gold price in GBP is doing spectacularly well though....
     
  13. Pirocco

    Pirocco Well-Known Member

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    The lowest avg that the GBP has been in the last 3 decades is 1.2
    The highest was 1.95
    The delta is 60% of the low.

    The lowest avg that gold has been in the last 3 decades is GBP 200
    The highest was GBP 1100
    The delta is 450% of the low.

    Or, the GBP delta was a mere 13% of the gold delta.
    Or, the gold price trend overruled the GBP price trend with a factor 7.7

    And that totally unrelated to the BREXIT GBP impact so far, so already was.
    Some say.
    Buy what does spectacularly bad
    Sell what does spectaculary well
    There is some ground in that.
    Those that do the opposite tend to lose the gold shine from their faces under a blood red sunset.
     
  14. SteveS

    SteveS Member

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    I can't find anything in this thread written in English :-(
     
  15. Pirocco

    Pirocco Well-Known Member

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    Some aid:

    avg = average. The 1.2 is a currency market (forex) value relative to other currencies, based on the USD index formula https://en.wikipedia.org/wiki/U.S._Dollar_Index
    BREXIT = most UK people voting to dump their EU membershipcard.
    GBP = Great Britain Pound currency
    delta = difference between two figures
    a smackdown of a price is a mass dump for sale of that product and / or a sudden demand drop for that product.
    a gold shine on a face refers to someone that bought gold and feels protected against whatever bad may happen in the world.
    a blood red sunset refers to a big loss, for ex someone that buys thousand ounces gold at $1300 / ounce to later on sell it for $650 / ounce.
    a 'Non-Farm-Paroll" has a typo and is explained on http://www.investopedia.com/terms/n/nonfarmpayroll.asp
    a short position is selling a product now to later on buy it back and delivers money in case of a lower price.
    leverage is cascading risk so that possible gains and losses are multiplied.
    a financial instrument is a paper that floats in the air above an economy whose shadow is ment to hide something.
     
  16. leon1998

    leon1998 Member

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    Tomorrow's US retail number will hit gold HARD.

    Gold might fall below 1,300 USD/oz in the next week.
     
  17. richo

    richo New Member

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    Nah.
     
  18. silversearcher

    silversearcher Active Member Silver Stacker

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    caged or free range ? :lol:
     
  19. Pirocco

    Pirocco Well-Known Member

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    Post swallowed by a yellow canard
     
  20. Pirocco

    Pirocco Well-Known Member

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    Today 4 dollars took 3 hours.
    1336-1300=36 to go
    36/3=12 times 3 hours, is 36 hours to go.
    Comex 8:20 AM - 1:30 PM that's fat 5 hours.
    36/5=7 trading days.
     

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