Short Gold, now

mont7071

WF Premium Member
Feb 10, 2009
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Portland, OR USA
Last chance kids, time to place your bets against gold today. GLD still trading @159 with a debt ceiling limit final vote coming up today? Naw, that's headed back down in a hurry. This vote is going to hurt GLD, peeps just don't realize it yet. Time to make some money on the way down.

<inb4 what penny stocks is Mont pushing?>
 


inb4 goldman sachs
inb4 rothschilds
inb4 illuminati

But saying that $GLD ETF has been in an uptrend for the last 3 years.

Maybe everybody should...

[ame="http://www.youtube.com/watch?v=jllJ-HeErjU"]‪buy the dip‬‏ - YouTube[/ame]
 
Wouldn't whatever weakens the dollar (like a down grade) strengthen gold?

Yeah, gold is a great way to hedge and can limit your market exposure.

gold.snp_.cpi_.jpg
 
Last chance kids, time to place your bets against gold today. GLD still trading @159 with a debt ceiling limit final vote coming up today? Naw, that's headed back down in a hurry. This vote is going to hurt GLD, peeps just don't realize it yet. Time to make some money on the way down.

<inb4 what penny stocks is Mont pushing?>

You are a dumbass if you short gold. It will only go up as the dollar declines. The "debt ceiling" is simply hype and public fear.

Remember that most people think of gold a currency. As the US plummets into a worse and worse financial state it will go up in value. Unless something changes in the 2012 election we will not be going up in terms of wealth anytime soon.
 
mont you've been wrong for 4-5 months at this point. anyone who listened to you lost money in both gold and silver.
 
mont you've been wrong for 4-5 months at this point. anyone who listened to you lost money in both gold and silver.
Anyone stupid enough to take anything other than some Internet marketing advice from this forum deserves what's coming to them.
 
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Anyone stupid enough to take anything other than some Internet marketing advice from this forum deserves what's coming to them.

Lol, I think that makes an important point that you want to trade what you see and not what you think. The market doesn't give a shit what you think. It dosn't give a shit if you make money or lose money.
 
I agree completely that whatever weakens the dollar will largely benefit the price of gold, but that isn't the same as saying Gold is going to keep going up.

You have to realize that it is precisely this information that is already priced in. People's fears and expectations are what set stock price values. The # they trade at, whether its gold futures, oil, Coca Cola stock, or whatever, represents the "average" of all the data points that people in the market are trading at. If every trader agreed with me that gold was overvalued, then there'd be no upside, the current price of gold would already reflect that.

I'm not anti-precious metals at all; in fact I made decent money this year already betting on them to Rise. But now, so much fear and uncertainty is already priced in at that $159 GLD value, that IMHO it has gone up too far, and people will leave it for other investments on the expectation that the debt crisis will be "resolved', at least in the short term. I don't hate gold as an overall investment at all, I actually own some physical gold and silver, I just hate it at it's current high valuation, so I'm betting on it falling to a more reasonable valuation as soon as the market "thinks" the debt ceiling risks are reduced.
 
I agree completely that whatever weakens the dollar will largely benefit the price of gold, but that isn't the same as saying Gold is going to keep going up.

You have to realize that it is precisely this information that is already priced in. People's fears and expectations are what set stock price values. The # they trade at, whether its gold futures, oil, Coca Cola stock, or whatever, represents the "average" of all the data points that people in the market are trading at. If every trader agreed with me that gold was overvalued, then there'd be no upside, the current price of gold would already reflect that.

I'm not anti-precious metals at all; in fact I made decent money this year already betting on them to Rise. But now, so much fear and uncertainty is already priced in at that $159 GLD value, that IMHO it has gone up too far, and people will leave it for other investments on the expectation that the debt crisis will be "resolved', at least in the short term. I don't hate gold as an overall investment at all, I actually own some physical gold and silver, I just hate it at it's current high valuation, so I'm betting on it falling to a more reasonable valuation as soon as the market "thinks" the debt ceiling risks are reduced.

...

I used to wonder who were these people on the losing side of a gold trade in these past three years, now I know.
 
I agree completely that whatever weakens the dollar will largely benefit the price of gold, but that isn't the same as saying Gold is going to keep going up.

You have to realize that it is precisely this information that is already priced in. People's fears and expectations are what set stock price values. The # they trade at, whether its gold futures, oil, Coca Cola stock, or whatever, represents the "average" of all the data points that people in the market are trading at. If every trader agreed with me that gold was overvalued, then there'd be no upside, the current price of gold would already reflect that.

I'm not anti-precious metals at all; in fact I made decent money this year already betting on them to Rise. But now, so much fear and uncertainty is already priced in at that $159 GLD value, that IMHO it has gone up too far, and people will leave it for other investments on the expectation that the debt crisis will be "resolved', at least in the short term. I don't hate gold as an overall investment at all, I actually own some physical gold and silver, I just hate it at it's current high valuation, so I'm betting on it falling to a more reasonable valuation as soon as the market "thinks" the debt ceiling risks are reduced.

lol, You should not be allowed to breed... Your parents must have been retards.

Dumb reply gets dumb reply. :xmas-smiley-022:
 
And stock up on US dollars? Ha.

Read Michael Lewis' book The Big Short and tell me the difference between sub prime mortgage debt and the current US debt?

People assumed both were stable and could be paid back but logic told you otherwise.

If you short anything I'd short the dollar.