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For those interested in Gold

Started by john c, November 25, 2014, 07:22:07 am

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john c

November 25, 2014, 07:22:07 am

BENTON PIGGEE

November 28, 2014, 08:35:06 pm #1
I've been watching this, I don't think it will pass and if it does I don't think it will affect the price of gold very much.

http://www.forexlive.com/blog/2014/11/28/all-you-need-to-know-for-the-swiss-gold-referendum-preview-of-the-swiss-gold-referendum-sunday-30-november-2014/

I have some short call spreads on gold that are about to go in the money, especially if this fails.
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BENTON PIGGEE

November 30, 2014, 06:16:28 pm #2
It failed. Gold is down $24 overseas to $1150. I'll buy back my call spread(s) if it hits $1120.

;D 8) :)
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Old Tusk

December 01, 2014, 05:15:04 pm #3
Gold is a fickle bitch
The Democrats are the party that says government can make you richer, smarter, taller and get the crabgrass out of our lawn. Republicans are the party that says government doesn't work, and then they get elected and prove it....P.J. O'Rourke

BENTON PIGGEE

December 14, 2014, 10:23:41 pm #4
Quote from: Old Tusk on December 01, 2014, 05:15:04 pm
Gold is a fickle bitch

So true. I don't think I've ever seen a fickler commodity. I don't recall a single gold trade that ended well for me. It defies technical analysis and exogenous events.
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