Sell USD buy Gold?

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Feb 13, 2015.

  1. SilverSanchez

    SilverSanchez Active Member

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    Everybody here known what my thinking is,

    but

    Im seeing the charts what looks like a wind up in gold... today it looks like it wants to go higher!
    Crazy but it really does look like there is about to be a leg up in gold stocks and gold

    It looks like the USD is going to fall.... hmmmm

    I think I might have to buy some stuff today or tomorrow.
    Im looking for stragglers with good fundamentals
     
    SilverSanchez, Feb 13, 2015
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  2. SilverSanchez

    SilverSanchez Active Member

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    don't quote me on this im rechecking my charts and will decide what to do before market close
     
    SilverSanchez, Feb 13, 2015
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  3. Miloman

    Miloman Active Member Silver Stacker

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    Gold looks bearish at the moment.
     
    Miloman, Feb 13, 2015
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  4. SilverSanchez

    SilverSanchez Active Member

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    That's so helpful thanx, No need to explain :)
     
    SilverSanchez, Feb 13, 2015
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  5. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I'm holding a very small amount of USD that I was lucky enough to get at around $0.85. I figure it's my hedge if gold drops so I cab treasure aadvantage. I was concerned that we might see $1k usd gold but that by the time it happened the aussie was going to be tortoised so if I had USD I could take advantage.

    I agree the USD is probably topping out but what makes you think it's ripe for a fall and gold is ready to break out? With the Greek and Ukrainian situations settling (not better by a long shot but not getting worse) and US equities up big a lot of people elitist agree with you.

    I tend to think it's going to be a good year for gold and that US equities are cruising for a bruising, but I think it's going to happen fairly quickly and all at once.

    I don't mean to sound like I'm doubting you, I'm genuinely curious to know what your looking at that makes you think this is the direction things are headed in.
     
    phrenzy, Feb 13, 2015
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  6. SilverSanchez

    SilverSanchez Active Member

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    I was looking at charts of gold in usd and aussie gold producers and it just looks like a 50/50

    If it breaks 1217 to the downside its off

    If not and moves over 1235 its on

    I bet $3k on it so not much
     
    SilverSanchez, Feb 13, 2015
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  7. SilverSanchez

    SilverSanchez Active Member

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    Lucky I closed out my spec position on monday

    I think my original call will turn out to be correct
     
    SilverSanchez, Feb 18, 2015
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