Feel free to post your economic, business and political news, reports, and predictions concerning the U.S., Canadian, and world economy here. Please keep threads and posts on-topic.
by beauanderos » Wed Jan 18, 2012 7:59 pm
Options expirations is Friday. It wouldn't surprise me at all to see them take down gold $80 and silver $2
I'm hoping they don't of course, but if we have a price spike on Thursday I may sell some positions in anticipation of a pullback, and then replace them after it occurs. Watch the share volume of DGLD (Velocity Shares Triple Inverse Gold) tomorrow and Friday the first half hour that markets are open and you'll get a tip-off as to whether a pulldown will be attempted.
The Hand of God moves Worlds
-
beauanderos
- Too Busy Posting to Hoard Anything Else
-
- Posts: 9827
- Joined: Wed Oct 14, 2009 10:00 am
by mbailey1234 » Wed Jan 18, 2012 8:13 pm
I kind of hope they do knock it down. This would mean an even better deal on your next weekend sale!
If you want to move some ahead of the crash, hows $28.00 sound??
-
mbailey1234
- Penny Hoarding Member
-
- Posts: 568
- Joined: Fri Dec 23, 2011 6:04 am
by Mossy » Sun Jan 22, 2012 8:58 pm
As of this posting, $32.060
Some "takedown".
-
Mossy
- 1000+ Penny Miser Member
-
- Posts: 1764
- Joined: Mon Feb 14, 2011 6:45 pm
by Engineer » Sun Jan 22, 2012 9:01 pm
32.27 after a 30 cent dip at the open
-
Engineer
- Super Post Hoarder
-
- Posts: 3266
- Joined: Thu Jan 12, 2012 5:08 am
by Country » Sun Jan 22, 2012 9:44 pm
I like the strength SILVER has been showing this month. Most folks are looking for the big swoon down, but that may not occur as SILVER is now just as likely to break out to $35+. Late December was a good time to buy (I did
) , and now with most folks soooo hesitant, PMs might just surprise many by just going higher. Good fortune to all!!!
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
-
Country
- Realcent Moderator
-
- Posts: 7708
- Joined: Mon Mar 23, 2009 3:00 pm
- Location: Virginia, USA
by beauanderos » Wed Jan 25, 2012 3:39 pm
Mossy wrote:As of this posting, $32.060
Some "takedown".
Hey, I'm not complaining
The Hand of God moves Worlds
-
beauanderos
- Too Busy Posting to Hoard Anything Else
-
- Posts: 9827
- Joined: Wed Oct 14, 2009 10:00 am
Return to Economic & Business News, Reports, and Predictions
Who is online
Users browsing this forum: No registered users and 13 guests