Disliked{quote} i have sell from 1374 , what should be my tp???? any suggestion plzIgnored
My own target 1365~8 depend my hand is itchy or not..
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Disliked{quote} i have sell from 1374 , what should be my tp???? any suggestion plzIgnored
DislikedNow do yourself a favour and get out of any gold longs. Stocks offer so much better opportunities now that they got going. Whereas it is hard to believe XAU will NOT finally break below 1320.Ignored
Disliked{quote} Yes its a delicate balance - naked shorts lower the price while bullion is loaded up on. Then when there is a rise the paper will be bought back raising price further. Arithmetically quite complicated to exercise but I'm sure there is a computer model showing precisely the prices to target such that its all a profitable trade. My opinion is that they are using put options with relatively low premiums. What is needed is a big buyer of paper to squeeze the shorts but the buyers are sticking to physical, and that is lagging price indicator....Ignored
Disliked{quote} Your statement is correct, but the request for physical gold from emerging countries is still the highest and the price is dropping.Ignored
Disliked{quote} Yes - there is a 13% drop from last year. Please see my earlier post. However that could potentially mean we can find support somewhere around here. The lower price action has driven gold out of ETF's as fund managers have to liquidate holdings at these prices to cover for deliveries.Ignored