- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Gold (took a small short position today on 5/25)
Posted on 5/2/11 at 10:50 am to LSU0358
Posted on 5/2/11 at 10:50 am to LSU0358
I exited my long positions in futures today. I'm looking for a pullback in the 40 - 80 dollar range and a blowoff top to the 1700 - 2000 dollar range by the end of June. So, I'm out, and will be looking to re-enter on a pullback.
This post was edited on 5/3/11 at 12:04 pm
1
Posted on 5/4/11 at 6:06 pm to LSU0358
I re-entered my gold positions today at 1513. Anything below 1495 in gold or 38 in Silver I'll exit.
Posted on 5/4/11 at 10:08 pm to LSU0358
quote:
38 in Silver I'll exit.
Isn't that where it was today?
Posted on 5/5/11 at 7:59 am to LSU0358
quote:Both of those metals went near or below those prices this morning (gold = $1,496.20, silver = $37.33), although both have recovered a little. Silver is just 20 cents above $38 now.
I re-entered my gold positions today at 1513. Anything below 1495 in gold or 38 in Silver I'll exit.
Are you out?
Posted on 5/5/11 at 8:04 am to LSURussian
quote:
Are you out?
I'm thinking he was FOS since we were basically there yesterday.
Posted on 5/5/11 at 8:08 am to LSURussian
quote:
Are you out?
Not yet...I typoed on yesterdays post. Meant $37 on silver. And when I say below, I mean a daily close below.
Posted on 5/5/11 at 8:10 am to LSU0358
quote:
I typoed on yesterdays post. Meant $37 on silver. And when I say below, I mean a daily close below.
Okay. Since my post above silver has now dropped to $37.76.
Posted on 5/5/11 at 8:15 am to C
quote:
I'm thinking he was FOS
Think what you will. But notice the first post in this thread...I nailed the gold bottom in late January. Notice the post on Monday, I also nailed the gold top.
It's very simple, in trading you are taking risks. If you manage your risks properly, you don't have to be correct every time. Might I be wrong this time? Absolutely, it happens.
Posted on 5/5/11 at 8:19 am to LSURussian
quote:
my post above silver has now dropped to $37.76.
With the current volatility in Silver, a $0.40 swing is nothing.
Interesting fact on silver, in the last 6-7 trading days the COMEX exchange has essentially doubled the margin requirements to hold a silver contract. A lot of people felt some major pain if they were a Johnny come lately in Silver.
Posted on 5/5/11 at 9:55 am to LSU0358
quote:
Think what you will.
You just admitted to your mistake in a previous post. No reason to defend anything at this point.
Posted on 5/5/11 at 10:13 am to C
Now I'm out. Wrong on this one...
Posted on 5/5/11 at 11:48 am to LSU0358
quote:
(reentered today at 1513
too soon
Posted on 5/5/11 at 3:11 pm to ljhog
with places online such as APMEX and such, if I buy an ounce bar of gold, do they mail me that actual ounce bar of gold? I under stand the prices but not the way it is mailed or if it is just paper. New to this.
Posted on 5/5/11 at 3:22 pm to Crawdaddy
quote:
if it is just paper.
pretty much why i think this is a huge scam. I think all these companies are going to go bankrupt that sell paper gold if anyone ever audits their reserves. Maybe im just ignorant.
Posted on 5/5/11 at 3:24 pm to Crawdaddy
APMEX deals in physical and mails it to you. I have never heard one complaint about them, other than the recent news that they are out of silver eagles until later in the month.
Goldmoney and bullionvault allegedly hold your metals overseas in vaults. I think they have methods to deliver the physical metal, but for the most part, you're holding paper and paying transaction fees. That said, goldmoney has been excellent to deal with and it's easy to cash out.
I'll let the gurus tell you about ETFs.
Goldmoney and bullionvault allegedly hold your metals overseas in vaults. I think they have methods to deliver the physical metal, but for the most part, you're holding paper and paying transaction fees. That said, goldmoney has been excellent to deal with and it's easy to cash out.
I'll let the gurus tell you about ETFs.
Posted on 5/5/11 at 3:29 pm to Crawdaddy
quote:
with places online such as APMEX and such, if I buy an ounce bar of gold, do they mail me that actual ounce bar of gold? I under stand the prices but not the way it is mailed or if it is just paper. New to this.
you get physical PM's. I love apmex. I wouldn't go in sooner than 33-34 and 1400-1425 fwiw.
Posted on 5/25/11 at 3:21 pm to LSU0358
I took a small short position in gold today...outlet will be above 1540 on the August contract.
In the next 2 months I see us getting in the 1350 to 1400 range in gold before the uptrend resumes.
In the next 2 months I see us getting in the 1350 to 1400 range in gold before the uptrend resumes.
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News