Trade setup triggered: long GLD
- Thread starter leon1998
- Start date
Weekly gold COT report just released this afternoon. The data was from last Tuesday to this Tuesday. We know gold was hammered this Tuesday already, so this report would give us hint how heavy the selling was.
And, no surprise, Commercial Traders massively reduced their gold short position by 54,644 contracts; compared to an average reduction of about 17,000 contracts after a smackdown. Please be aware that the published data was only till Tuesday. Everybody knows what happened Wed, Thurs and Friday; my guess the reduction of Commercial shorts would be north of 100,000 contracts on next Friday's COT report.
After all, gold price has hit a strong support; I am expecting a bounce at least since gold price had been above this support for months.
And, no surprise, Commercial Traders massively reduced their gold short position by 54,644 contracts; compared to an average reduction of about 17,000 contracts after a smackdown. Please be aware that the published data was only till Tuesday. Everybody knows what happened Wed, Thurs and Friday; my guess the reduction of Commercial shorts would be north of 100,000 contracts on next Friday's COT report.
After all, gold price has hit a strong support; I am expecting a bounce at least since gold price had been above this support for months.
G
Guest
Guest
Leon is not right all the time but he is right more often than most. Agree keep up the input.
H
House
Guest
Bastiat said:
http://forums.silverstackers.com/message-956605.html#p956605
If anybody flipped a coin double sided coin 18 times they'd still get a better result.
Silverthorn
Well-Known Member
Holy crap, we're in trouble now.
2nd_Hand_Gold_Man
Member
150% AGREEHouse said:
2nd_Hand_Gold_Man
Member
NO HE IS NOT
he just opens his mouth more often WITH WILD GUESSES, way more than any other member here on ss .
8 OUT OF 10 TIMES HE IS WRONG ,WITH A CAPITAL W.
He,s like an old footscray dogs fan.
for 63yr,s some bogan nutcase one eyed footscray dog fan has said , ill have a $100 bet this year cause i KNOW my team is gonna win the grand final for sure 150%,and for 62yrs that nutcase was wrong and lost a $100 every time,Now thats leon in a nutshell ,
In leons case he has 62 guesses on the gold market untill one of them comes in a winner...............
id take the advice of a bogan 1 eyed footscray fan in regards to the gold market b4 i would listen to leons dream casting...............again my 2 cents worth
he just opens his mouth more often WITH WILD GUESSES, way more than any other member here on ss .
8 OUT OF 10 TIMES HE IS WRONG ,WITH A CAPITAL W.
He,s like an old footscray dogs fan.
for 63yr,s some bogan nutcase one eyed footscray dog fan has said , ill have a $100 bet this year cause i KNOW my team is gonna win the grand final for sure 150%,and for 62yrs that nutcase was wrong and lost a $100 every time,Now thats leon in a nutshell ,
In leons case he has 62 guesses on the gold market untill one of them comes in a winner...............
id take the advice of a bogan 1 eyed footscray fan in regards to the gold market b4 i would listen to leons dream casting...............again my 2 cents worth
Bastiat said:
2nd_Hand_Gold_Man
Member
HE IS WRONG MORE OFTEN (as i see it) all his posts in the last 3 mnths are or were pie in the sky dreamcasting...in other words(he has no idea so he just flips a coin,prob gets tanked on cheap wine and rambles on the ss forum for somthing to do) again my 2 cents worth
Bastiat said:
2nd_Hand_Gold_Man
Member
yes i thought it may drop.prices shot up on brexit.........we are now almost back to pre brexit gold prices.....:|Peter said:
2nd_Hand_Gold_Man
Member
YEAH cant complain...all of my watches,chains,rings,coins and other Au trinkets(wifes and mine) were all purchesed 15 plus years ago PRE 1998 when gold was under $300 oz..not that any of its stacked for a rainy dayPeter said:
(when i die the kids get it all 
)
2nd_Hand_Gold_Man
Member
neither do i and many many others here on SS............Leon? who,s leon? i forgot and havnt read his crap in months.........LEON ON LEON GO AWAY CAUSE NO ONE ON SS CARES WHAT YOU SAY ( THE NEW LEON POEM :lol
Nugget_Hunter said:leon1998 said:bought GLD @118.45
Can't believe I start a paper long, but whatever.
Can't believe ANYTHING you say ... actually.
Enter stage right Bulkcoins or Nuggetman or whatever his new account name is HAHA.... :lol:
Close my paper long [email protected]
Gave up hope on 1285 USD/oz completely; tomorrow GDP number could smackdown gold AGAIN.
Gave up hope on 1285 USD/oz completely; tomorrow GDP number could smackdown gold AGAIN.