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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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bigBaby
Singapore
Posted Anonymously
13 years ago
Apr 20, 2011 13:38
... same old philosophy at selling at big or semi big fugures (45 for silver) or thereabouts when prices hit them first time round.

Not expecting any major turn around from here. If it gets to 43.80 I will be elated. But if it breaks through 45 enroute to 50, nothing surprising either.

I will buy it back at 46.30 then.
bigBaby
Singapore, Singapore
Posts: 21
13 years ago
Apr 20, 2011 13:26
Since gold has breached 1500 I have cut my previous position from 1493, at 1502 ,and switched to selling silver at 44.73 instead. If it breaks 45.45 ( watching gold at 1510) I am out.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Apr 20, 2011 13:00
i am not so sure, it should be a correction.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 20, 2011 12:27
you are so brave, Qingyu.. I hope you have a good stop..
Qingyu
manchester, UK
Posts: 1763
13 years ago
Apr 20, 2011 12:18
i may short silver today or tomorrow, looking for 100 pips.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 20, 2011 11:55
hay Dave I was going to ask you what your target for gold is.. not that i'm into picking tops as you probably know by now:)
Xaron
Munich, Germany
Posts: 528
13 years ago
Apr 20, 2011 11:49
It's a huge one!
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 20, 2011 11:48
I agree Qingyu. For a long time silver was lagging gold but now silver has joined the "safe haven" insurance mkt who cannot afford to buy the yellow metal. Silver a very good second best for them.

Gold is now approaching my last target posted at 1509. Might get a reaction there or might bomb straight through.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Apr 20, 2011 10:28
i think silver is another bubble.
DaveO
UK
Posted Anonymously
13 years ago
Apr 20, 2011 1:10
Yeah, transition not without problems being as engineers expect precision in everything. It helped having been self employed all my life building companies. I had no silly probs handling money management/risk control. Any small company owner in uk has to become something of an accountant, a lawyer, and not least a psychologist to handle the personnel dept :-)

Its only more recently that silver has become more tradeable. Being more of an industrial metal than gold its character differs and gold has the advantage of being more of a safe haven so the correlations in gold can change which I like. Silver can make some horrible patterns sometimes whereas gold my favourite vehicle for clean analysis.
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