Sell USD buy Gold?

SilverSanchez

SilverSanchez

Active Member
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
 
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.
 
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
 
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