Gold is a sell!

金星

金星

原帖由 金星 於 2008-1-9 06:53 PM 發表

Start building sell positions  above 885~910...gl

BC1410

Yes, Sir

slipknot2010

can i know the target?

lutulo

謝謝你的指點

悠然而生

原帖由 金星 於 2008-1-9 06:53 PM 發表

只作分享....
8/1/2008 收到的ALERT
Gold is really showing continuing strong impulses. Yesterday I alerted that gold may top this week, and the USD rally a bit.


I still have this view, but gold's present price moves up does call this into question.


Let me give you my  primary reasons that gold may top this week.


First, world stocks have been in quite a bit of trouble in January, and with the ongoing credit problems the world stocks are poised
for a major sell off if the Jan action continues down. Gold is sold in these situations for liquidity if there is a major sell off. Since gold
has risen so much recently, if there is such a stock sell off, gold will be sold to take profits.


Second, gold's action has been so agressive recently that it can sell off in the next week or two merely for profit taking.


Antother reason is that oil has shown concern over economic weakness in the US and is sensative to any speculative unwinding
because oil also has risen so much. Oil's weakness is translates to gold right now.


However, if there is not continuing weakness in stocks and oil then we could easily see 900 gold before the end of the month.


I am biased at this time toward the gold and oil decline (and a buying opportunity then) based on the reasons I gave above.

金星

原帖由 金星 於 2008-1-9 07:03 PM 發表


Start building sell positions  above 885~910...gl

cover half at 875 for a rest..

Touch

原帖由 苦海無涯 於 2008-1-9 09:01 PM 發表


只作分享....
8/1/2008 收到的ALERT
Gold is really showing continuing strong impulses. Yesterday I alerted that gold may top this week, and the USD rally a bit.


I still have this view, b ...

BC1410