I am bearish on Gold - the issue is that it is all about timing!

 

We calling this a "victory" for the contrarian gold bears then?

At todays low gold down 20% from all time high, earlier this month.....

Silver at todays low was down 35% in 3 sessions!

 

Where are all the SN'er who were recently bragging about their gold positions?

Presumably stopped out now?

 

 

Probably wishing they had bought a few grammes of Hindsight eh Tony.

 

Falling back on QE2/3 having already doubled-up over the last three years? Who knows?

 

The gold bear steps forward

Only a month out - not bad in this market

 

I think there were people still buying at $1700 plus!

 

Gold chart looks very interesting.....looks like there could be an actionable trade in one direction or the other in the next couple of sessions, which could take us to Friday when we may here some news out of the EU summit and learn of the next catalyst for gold to either breakout or breakdown from its current consolidation pattern......

Where are SN's gold aficionados? lets be hearing you!

 

Hasn't done anything for ages so I'm quite interested. Would like to get some krugerrands at some point.

 

Not an investor in gold as such. Sold almost all of my personal stash a little while ago.

Got a 7 fold return, so reasonably happy with that.

Asif

 

Not sure mate, not sure at all. I've not sold any of my gold but then again I started buying at $650ish/oz, my avge is about $850 so I've still doubled my money and enjoyed the journey.

It's not going the way I had thought from here, and its difficult to understand why (if in fact 'bubbles' can be understood).

Personally I'm thinking (hoping!) that there will be one more push upwards, however if we hit $1600 I'm out. I'll still have doubled my money and I put in quite a lot so it has had quite a positive impact on my portfolio

 

The only way out for Europe is to print a **** load of money

 

Agree. But that fact doesn't seem to have continued to push up gold in the way I would have thought/hoped.

On the other hand paper printing governments will go to extraordinary lengths to keep down the price of gold....

 

Well today it has broken down out of its consolidation pattern......hmmm look for a retest to enter short me thinks

 

What about short gold, long platinum now?

 

Currencies don't seem to be all that trustworthy in general. Surely Gold must be safer in general.

Les

 

Quite a move in the platinum/gold ration today. Come to papa.