Gold calls.Long term -medium term and intraday calls in gold is here !.

[55mph]

You realise I really don't have the foggiest idea what I'm doing, right ?

i was thinking we'd see a surge after the NY market opened.

 

[funfun]

i would short @884

 

[maybedinero]

I'm still working on this underlying assumption that gold ought to be buoyant while there's so much uncertainty about the effects of this huge US bailout (maybe I've been reading too much Karl Denninger).

So I keep leaning to go long; selling at a small profit; waiting for the bears to do their thing and the price to drop a bit; then getting back in again.

 

[55mph]

when i realized that mike's head and shoulders was on the kitco chart, i thought twice about a short position.

 

[55mph]

I'm still working on this underlying assumption that gold ought to be buoyant while there's so much uncertainty about the effects of this huge US bailout (maybe I've been reading too much Karl Denninger).


So I keep leaning to go long; selling at a small profit; waiting for the bears to do their thing and the price to drop a bit; then getting back in again.

so far, it's working. my 2 day 1 minute chart went decidedly bullish until further notice.

 

[maybedinero]

Oh ffs, got out too early that time.

 

[mikeSG]

yup. sorry guys. I think it's a bearish HnS.

Short at 884. look for 870-ish.

-edit-
SCRAP THAT!

 

[funfun]

i short @887 tight stp loss @890

 

[55mph]

i think we're getting some help from silver. 13.28

 

[maybedinero]

@funfun: I did the same thing, then almost immediately decided it wasn't such a good idea. Looks like the bears have gone for their coffee break.

EDIT: Back to Plan A again.

 

[sujithsstorock]

stoploss is 875 $ and safe stoploss is 873 $. just a view.

enjoyyyyyyy :clap: and i already told to buy above 886 $

 

[55mph]

we're also getting some help from a declining market. the 'safe haven' story lives.

 

[55mph]

enjoyyyyyyy :clap: and i already told to buy above 886 $

suji, you were dead on with 886. nice call!:clap:

 

[funfun]

@funfun: I did the same thing, then almost immediately decided it wasn't such a good idea. Looks like the bears have gone for their coffee break.

EDIT: Back to Plan A again.

yes, you are absolutely right, stp out @890 and long

long exit @ 893

 

[fireking]

enjoyyyyyyy :clap: and i already told to buy above 886 $

where to place stop

 

[sujithsstorock]

suji, you were dead on with 886. nice call!:clap:

thanks

 

[sujithsstorock]

cost to cost or trail where ever u want

 

[maybedinero]

Hopefully 490 will act as a floor now the price has broken through.

 

[55mph]

the futures are giving up some premium

 

[funfun]

taking short again