cgnao

...I love it when I'm right

I fear I am right.

I've been sitting and watching Gold for years now. With time I no longer have any emotions with the ups or downs. I used to mind. Sometimes I buy a bit more though.

I quite like your user id.

completely agree. I think gold/oil ratio is wrong at the fundamental side. One resource is renewable, the other is not. It worked at the time when oil perceived to be endless, but now we are seeing a correction to this error.

What makes you think gold is endless?

The US GLD ETF just added 8 tonnes, back over 600 tonnes.

http://www.exchangetradedgold.com

I agree the DOW shows a nasty head and shoulders developing. A break below 12000 and there is very little support.

Just went in the red...

DOW looks really ugly

I say the bottom is in.

Next move up will be monumental and FAST.

Gold Calls - on the etf

 

Anyone else trading calls on GLD, the Gold etf?

 

I'm looking at GLDGC

Description CALL (GLD) SPDR GOLD TR GOLD JUL 81

 

Price: about $5.00

Today I loaded up on these @4.1 EUR.

ISIN CH0024125145

Call 1.000,00 USD 14.09.09