Coming out tomorrow and should bring some reality back into this market!!!
I was checking historical commodity charts and in past 2 years:
POG (IAU) is up approx 25% while
POS (SLV) is up approx 5%
Platinum up approx 12%
Palladium down approx 11%
Oil (USO) is up approx 27%
Just some food for thought!!!!!
6 comments:
Shorted MFN...5 of 15 lots shorted...
Morning guys!
I'm gonna be mainly offline for a few days - got my chem final exam tomorrow night!
Here's to a bounce in gold and markets opening their eyes to the shabby state of financials!
hey joe, i'm not following the logic on those numbers posted. is it to show they all have that much more room to fall, or are you referring to a relative strength now..???
out of curiosity, how many of you are willing to ride out your gold positions even if we drop down into the 600's? anyone have an exit plan instead. i'm becoming a believer that the bare minimum we're going to see is 750, but high 600's seem very possible anymore. personally, i don't want to go down with the boat. i'd rather sell everything off and buy in later. besides, it might then stay rangebound in the 700's for a quite a while.
Nate, I saw how low Silver was and remembered $15 silver when Gold was $630 so decided to play for a few minutes. Just a curiosity thing.
Nate, i'm in it to win it. The fundamentals/world demand growth, is still there and this bull run is still in it's infant stages.
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