hi red, i think we not going to see big fall for next few days as result seasons poised to start, after that whatever the results it not respect it & fall (like a cliff????) big guys(dow s&p) never fall alon…….
they 1st planting the bombs all over the world & then one remote- one second & …………………………..?
With Benny boy still in drivers seat on the magical money machine, I just don’t have the guts to ever short gold. I’d go long only. We’ll still get a bigger pullback of course, but timing it will be tough.
I’m assuming you are long GDX right now and not trying to short it? If you are looking to short it… good luck.
I think we can expect one more day of this pump job and then the real sell off should begin. Tomorrow is another POMO day, and the last one for at least October 13th… or longer?
Once the money runs out, reality should set in… and the wonderful non-farm payrolls numbers will be the blame for the selling. LOL
Red, remember the fake print on SPY to 118.
hi red, i think we not going to see big fall for next few days as result seasons poised to start, after that whatever the results it not respect it & fall (like a cliff????) big guys(dow s&p) never fall alon…….
they 1st planting the bombs all over the world & then one remote- one second & …………………………..?
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Agreed… I wouldn’t touch gold until it corrects first. And then I’d only go long on it, never shorting it.
neither – right now – its hard to jump on the gold bandwagon until it resets. It’s like a run away train – can’t jump on but can’t short yet
With Benny boy still in drivers seat on the magical money machine, I just don’t have the guts to ever short gold. I’d go long only. We’ll still get a bigger pullback of course, but timing it will be tough.
I’m assuming you are long GDX right now and not trying to short it? If you are looking to short it… good luck.
GDX 57.68 2.13 (3.83%) – off to the races
S&P 500 Near Resistance level
I think we can expect one more day of this pump job and then the real sell off should begin. Tomorrow is another POMO day, and the last one for at least October 13th… or longer?
Once the money runs out, reality should set in… and the wonderful non-farm payrolls numbers will be the blame for the selling. LOL
GDX Pre-Market Real-Time: 56.85 1.30 (2.34%) – let’s see if GDX gets rejected at this level.
“there are things we don’t know we don’t know”