Gold to 1500 Stock market to 8000 Don't Bet on it!!!!!

Question

On CNBC website&#xD;&#xA;Dow to Fall to 8,000 in Next Month: Analyst&#xD;&#xA;The Dow&#x27;s break below another support line on Wednesday indicates more bad news for the index over the coming weeks, Edward Loef from Theodoor Gilissen Bankiers said Thursday, adding that another selloff is in the making.&#xD;&#xA;Gold Could Hit $1,500 and Beyond&#xD;&#xA;The current gold prices are amazingly cheap, presenting an outstanding opportunity for long-term investors, opines Aaron Smith, MD at Superfund Financial. He tells CNBC&#x27;s Maura Fogarty &amp; Sri Jegarajah that gold can hit $1,500/oz in the next 2 to 3 years.&#xD;&#xA;It all sounds very real today but its a bear trap. /&#xD;&#xA;Gold here is a suckers rally and it will bring out all of the Gold bugs. They will get what they deserve.  Don&#x27;t buy Gold when thing are bad buy it when things are good That is whent he prices are low. If you buy Gold today you will be sorry in 3 months&#xD;&#xA;The same goes for the market very scary now but in 3 months this will be a memory and thing will look a whole lot better.

mikey22222 · Answer

On CNBC website&#xD;&#xA;Dow to Fall to 8,000 in Next Month: Analyst&#xD;&#xA;The Dow&#x27;s break below another support line on Wednesday indicates more bad news for the index over the coming weeks, Edward Loef from Theodoor Gilissen Bankiers said Thursday, adding that another selloff is in the making.&#xD;&#xA;Gold Could Hit $1,500 and Beyond&#xD;&#xA;The current gold prices are amazingly cheap, presenting an outstanding opportunity for long-term investors, opines Aaron Smith, MD at Superfund Financial. He tells CNBC&#x27;s Maura Fogarty &amp; Sri Jegarajah that gold can hit $1,500/oz in the next 2 to 3 years.&#xD;&#xA;It all sounds very real today but its a bear trap. /&#xD;&#xA;Gold here is a suckers rally and it will bring out all of the Gold bugs. They will get what they deserve.  Don&#x27;t buy Gold when thing are bad buy it when things are good That is whent he prices are low. If you buy Gold today you will be sorry in 3 months&#xD;&#xA;The same goes for the market very scary now but in 3 months this will be a memory and thing will look a whole lot better.

mikey22222 · Answer

DZZ at thie price 29.50 looks

Vermeer · Answer

Not sure I get your last comment.You might be right on gold, but not sure on the market.Stocks are not really cheap at these prices, and these prices are actually based on overly optimistic earnings expectations.But we will see...

mikey22222 · Answer

If you look at a chart of GLD. The Chart has broken down and has just rallied back up to the breakdown.  The next move is a ballbuster on the downside. Don&#x27;t chase this rally because it means to much sense it is a trap.&#xD;&#xA;The stock market is way the hell oversold and appears to be breaking down. &#xD;&#xA;By the election it will have reversed and rallied to 12000. Then you can short it.

mikey22222 · Answer

I don&#x27;t know what I like better here shorting Gold or buying the Financials. Will start with the DZZ today at this price looks like 29.45 near the opening. Still hopeing the UYG blows out 14 so I can load up

jaxwhitey · Answer

Looks like some options players agree with you as far as gold is concerned. 50,000+ bids each on the Jan 09 and Mar 09 $60 puts, that is the lowest strike available now for the GLD ETF. Every other strike around there only has a few hundred bids

brooklyn1 · Answer

must be someone protecting a position on gold,  gold cost 500 an ounce to take it out of the ground so I dought it will go down that low

jaxwhitey · Answer

It is just a bid, their order has not filled.

I would think if it was someone trying to protect a position they would try to protect their losses long before gold dropped $200+ per ounce from todays gold spot price, which is what a $60 GLD price roughly equates to.

mikey22222 · Answer

I chasing now adding on to UYG 18.75

mikey22222 · Answer

Normally they reverse this thing on Tuesdays and rally into expiration this one is real nasty real cute

mikey22222 · Answer

Gold traders get out of your longs

BountyHunt · Answer

[Quote: Originally Posted by mikey22222] &#xD;&#xA;I chasing now adding on to UYG 18.75&#xD;&#xA;[/Quote]&#xD;&#xA;I see that UYG went from 14.50 to 19.65 in the last 3hrs. Do you think it will pull back again?

Gold to 1500 Stock market to 8000 Don't Bet on it!!!!!

Hot Forum Topics