Gold going to $5,500

[Mega]

Just to upset EJ:-
http://www.zerohedge.com/article/ltc...t-no-exit-sugg

Mike

[swannmex]

Re: Gold going to $5,500

Just to upset EJ:-
http://www.zerohedge.com/article/ltc...t-no-exit-sugg

Mike

Didn't you get the memo??? Goldbugs about to be CRUSHED as we find out something or the other. My second largest holding East Asia Minerals was up 20% today. I feel so stupid.

Good luck to all of us.

[icm63]

Re: Gold going to $5,500

GOLD going $2000 plus BUT via $950 first.

WHY..

Equities wont go up on SUGAR RALLY for ever, and when they sell off ( May thru OCT 2010), GOLD will suffer contagion selling. Anything from $100 to $300 bucks..which is normal..

So DONT chase this latest daily POP up in gold.

New gold purchases are advised in bearish equity moves.

Then again if you dont care about a 20% fluctuation, ignore me.

[cjppjc]

Re: Gold going to $5,500

GOLD going $2000 plus BUT via $950 first.

WHY..

Equities wont go up on SUGAR RALLY for ever, and when they sell off ( May thru OCT 2010), GOLD will suffer contagion selling. Anything from $100 to $300 bucks..which is normal..

So DONT chase this latest daily POP up in gold.

New gold purchases are advised in bearish equity moves.

Then again if you dont care about a 20% fluctuation, ignore me.

You might be right.



One of these days.

[erw698]

Re: Gold going to $5,500

You might be right.



One of these days.

I just fell out of my chair.......good one

[icm63]

Re: Gold going to $5,500

I will take those odds..

[GRG55]

Re: Gold going to $5,500

Just to upset EJ:-
http://www.zerohedge.com/article/ltc...t-no-exit-sugg

Mike

I fully expect e^n more "Gold Getting Killed!!!!!!!!" threads before it gets there...:rolleyes:

[DRumsfeld2000]

Re: Gold going to $5,500

I hope the 20% fall is correct. My S&P short is not doing too well, although the pain is well within tolerance levels. A fall in the gold price with knock on affects in stocks would also allow me to buy more of my favourite gold company. Fingers crossed here.

[jtabeb]

Re: Gold going to $5,500

I hope the 20% fall is correct. My S&P short is not doing too well, although the pain is well within tolerance levels. A fall in the gold price with knock on affects in stocks would also allow me to buy more of my favourite gold company. Fingers crossed here.

You might be "waiting for Godot" with that strategy.

[Minion]

Re: Gold going to $5,500

Professional investors usually buy when amateurs capitulate. Worked in the stock market in 2009.....

So I say let gold amateurs capitulate. Seems it takes courage to make $ in this game.

[DRumsfeld2000]

Re: Gold going to $5,500

jtabeb

Not sure what you mean by strategy. As regards shorting the S&P, this is based on the high PE valuations which are way overstretched. Look at what UBS said yesterday (you can find the summary). As regards gold, I have a lot of shares. Most are doing well and may well go higher short term. However, in my view the market is over valued and when/if it falls then gold shares will fall as well. I will then buy more. Seems sensible to me to not overpay. What is so wonderful about your strategy?

What the hell is 'godot'????

[ThePythonicCow]

Re: Gold going to $5,500

What the hell is 'godot'????

Google and Wikipedia are your friends: Waiting for Godot.

It is roughly like waiting for jtabeb to sell his gold and purchase some 30 year Treasury bonds instead; it could be a long wait.

[GRG55]

Re: Gold going to $5,500

Google and Wikipedia are your friends: Waiting for Godot.

It is roughly like waiting for jtabeb to sell his gold and purchase some 30 year Treasury bonds instead; it could be a long wait.

As long as we are on Beckett, I recommend passing the time with another Irish favourite [it'll ease the pain of dealing with gold price volatility ]: