Next week is an opportunity to SHORT gold

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.
 
Caput Lupinum said:
leon1998 said:
Open short position on gold @1354.5 USD/oz
Click to expand...

What's your target price? <- Short short short

What financial instrument are you using to short? <- Short short short.... Bart's "eat My short" shorts

What is your leverage ratio? <- Short short short
Click to expand...

Make any sense? Just short it!
 
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.
 
Non-Farm-Paroll beats market expectation by a wide margin.

Gold being smacked down, 1347 usd/oz now and keeps dropping
;)
 
So a Non-Farm-Paroll matters more than a Brexit with Interest cut.

Got it. Everything is Awesome again.
 
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....
 
BuggedOut said:
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....
Click to expand...
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.
 
SteveS said:
I can't find anything in this thread written in English :-(
Click to expand...
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.
 
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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