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Is there some mental/emotional thing with $40/oz?

PostPosted: Mon Aug 01, 2011 3:07 pm
by amalekidad
Is there some mental/emotional thing with $40/oz :?:
Lately it seems that when Ag gets to $40 it takes a dip. Do you think there are some program sellers that set the auto sell for $40. OR, do all you RealCenters sell off at $40? Me, I’m holding out for $200/oz.

Re: Is there some mental/emotional thing with $40/oz?

PostPosted: Mon Aug 01, 2011 8:34 pm
by blackrabbit
When it goes over 40 I am inclined to sell a little more but never my core position. I still buy at 40 but is has to be trading up for me.

Re: Is there some mental/emotional thing with $40/oz?

PostPosted: Mon Aug 01, 2011 8:48 pm
by beauanderos
TPTB periodically need to adjust their Maginot Line to halt an advance. They've just repositioned the troops at the new front you mention.