Jump to content

GOLD


Caseynotes

Recommended Posts

24 minutes ago, psycho said:

I'm sitting on a massive loss in my long gold position.  Can this cliff edge really be attributable to just margin calls?

How massive?

If it's manageable then ride it out.  You don't day trade gold, you keep hold of it for a while.

Link to comment

@Caseynotes I agree it should find support here and was thinking of adding but I don't think I'll use my short term trading account if I add

@dmedinIt is manageable and in my trading rather than investing account.  

However, what worries me is can such a large selloff be due to margin calls alone or is there a change in the fundamentals?

Link to comment
2 hours ago, psycho said:

@Caseynotes I agree it should find support here and was thinking of adding but I don't think I'll use my short term trading account if I add

@dmedinIt is manageable and in my trading rather than investing account.  

However, what worries me is can such a large selloff be due to margin calls alone or is there a change in the fundamentals?

Quite possibly.  At times like these it becomes  clear to all that gold is a 'barbarous relic' and means f-all in terms of corresponding to the real needs of human beings.

Link to comment

Gold sell-off fails to dent investor enthusiasm - https://www.ft.com/content/84f50eea-1eaa-4e88-9040-16f1944978f7 

Investor sentiment on IG showed a bearish signal. With so many people long and thinking the same way, do all the longs have to be pummeled before the Phoenix rises from the ashes?!

If you never had a long position and saw the gold chart, would you rate it a buy?

Link to comment
22 minutes ago, psycho said:

Gold sell-off fails to dent investor enthusiasm - https://www.ft.com/content/84f50eea-1eaa-4e88-9040-16f1944978f7

Investor sentiment on IG showed a bearish signal. With so many people long and thinking the same way, do all the longs have to be pummeled before the Phoenix rises from the ashes?!

If you never had a long position and saw the gold chart, would you rate it a buy?

 

Who cares?

Prices go up and down randomly and people (hence markets) are totally irrational.

Have a punt, if you like.  Just don't go looking for a rational explanation - it's all speculation. :)

Link to comment
15 minutes ago, dmedin said:

 

Who cares?

Prices go up and down randomly and people (hence markets) are totally irrational.

Have a punt, if you like.  Just don't go looking for a rational explanation - it's all speculation. :)

😂 Perhaps I can swap a bottle of hand sanitiser and antibacterial soap for a gold bar?!

 

So you reckon it's all gambling then?

Edited by psycho
Link to comment

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...