Warning to All Goldbugs

lol... why can't they just get to 1200! i want to sell some gooooold!

 

I gambled and shorted some GLD shares @113 before lunch; I was afraid 1200 is little too far to reach.

Now GLD @111.3 :lol:

 

Is $25 drop good enough for a smackdown?

 

Oops, $30 down now

 

It was Janet that did the smackdown on this one, leon. I will give credit when credit is due, but this time not cause of the contracts...


Source: Janet's Smackdown

 

:lol: Gold bounces back a little bit; looks like gold bugs haven't given up yet. Usually this is a sign of more downside ahead.

 

And once again Leon got it wrong. bankers shorts never came to your rescue, instead you let enough time pass for another event (another FED BS rake hike threat) to cause a price drop. So all your talk was for nothing :lol:

Here is one for you, in some time point oil price will rise due to me farting. ill go away now and come back at some point in the future when it goes up a bit and say aww look im right.

 

Actually what is more important now to Stackers, is NOT to buy any physical until four or five weeks later.

Today's price action showed that Banksters are serious about defending their massive short position; and they will make a profit in the following weeks. The same tape had been played so many times before; why would you believe this time will be any different? Is there any sign showing Banksters losing control of precious metal market? heck NO.

 

With that in mind maybe its best to buy now ? No one has any idea - so why pretend you do ?

 

Again, a little reminder for those perma bulls.

 

Gold drops again ... slipping to US$1,150 area

 

What a silent day, where are all the perma bulls and naysayers?

 

lol

 

Hiding lol

 

Yup just like Leon on the days the price of gold goes up.

 

Looks like my GLD short position is making some US$ :lol:

 

I hope all the perma bulls and naysayers keep buying physical, and better bet your house on it. Ignore charts, ignore futures market and ignore everything ... yeah :lol:

Prices usually go down more when individual investors keep buying it.

 

Hi Holdfast - no mate not hiding ---- buying. The problem is that for us in AU$ the price is higher now than it was a few weeks ago when gold was around $1610. This has not been a move in AU$ worth anything - to me just the usual BS of a market climbing a wall of worry. Two steps forward and 1 step back. That is a typical move of a bull market.

What Leon and his mates do not comprehend is that gold for you and I is $200-$300 more today than last year. But Holdfast as you know the cancer will eventually attack the head (US$) and that is not far away.

 

Gold price is down again, dropping towards US$1,140 area; where might be some technical support.

Commercial Traders/Banksters are winning the battle, again.

 

Close my GLD short position @109.5 :lol:

Perma Bulls please buy up gold spot, so that I can short it again