Tuesday, October 27, 2009
GOLD IS HUGGING THE LOWS FOR FAR TOO LONG
SEE THE ARTICLE FASTGT RECOMMENDS CALLED
'Gold Blast-Off Starts Friday?' THAT GIVES SOME
REASONING TO WHY GOLD MY LINGER HERE FOR
A WHILE
I BELIEVE YOU CAN'T TRADE GOLD IN ANYTHING BUT
REAL TIME. SYSTEMS AND PROJECTIONS ARE USELESS
BECAUSE 'THE ENEMY' (THE SHORTS) CAN SEE THEM TOO.
DEAL WITH THE PRESENT SITUATION AND USE YOUR
EXPERIENCE TO DEAL WITH IT. THAT AT BE WILLING TO
TAKE A CHANCE ON THE LONG SIDE OF GOLD, AS WE ALL
KNOW WHERE GOLD IS GOING EVENTUALLY.
JUST DON'T OVER MARGIN YOUR POSITION SO YOU CAN
HANDLE ANY REVERSALS WITHOUT HAVING TO SELL OUT
AT A LOSS.
I PERSONALLY, OFFSET ADVERSE POSITIONS BY SHORTING
THE FEB10 GOLD CONTRACT WHEN MY DEC LONG POSITON
GETS CLOSE TO MARGIN CALLS.
IT LOWERS MY MARGING REQUIREMENTS, AND I CAN MAKE
MONEY ON THE SHORT SIDE. ALL I HAVE TO DO IS KNOW
WHEN TO LIFT THE SHORT POSITION AT THE RIGHT TIME
BEFORE GOLD MOVES BACK UP. (NOT ALWAYS THE EASIEST
THING TO DO!...BUT WHAT OTHER ALTERNATIVE DO YOU HAVE?)
THIS IS NOT A GAME FOR CRY BABIES!
GOLD BASHED DOWN TO 1033, SIMPLY RIDICULOUSLY LOW, BUYERS MOVING IN NOW ON GOOD VOLUME
STOCKS GAP DOWN, EURO, OIL HIT HARD
BONDS AND YEN UP SOME
MAJOR ATTACK ON GOLD BY THE 'MANIPULATORS'
PLUS PANIC SELLING BY INEXPERIENCED TRADERS
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