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- Fmfx replied May 5, 2011
Haha, everyone, almost everyone was making fun of "Bernanke" and now he is laughing at most looking at the USD jumping up despite all US negative news. Oh, boy... url
- Fmfx replied May 5, 2011
Yes, I feel the bottom for gold as well. I am prepared for another $100 drop but I think $1450-1470 will be the bottom until August. $1600 is a much more likely target now.
- Fmfx replied May 5, 2011
Haha, right. I am with you on that. I hope people take a lesson that they could right both ways and make profit in both directions... even with gold and silver. I am adding to my longs too... gold is cheap(er) now (8-9 %??)like the USD a ...
- Fmfx replied May 5, 2011
Whatever but $100 drop in gold price is a MAJOR reversal but it is a good time to add to longs... Oh, wait, I did not buy at $1576 where most people were buying and I shorted gold at $1575 and now, I am adding to my gold longs at $100 cheaper... You ...
- Fmfx replied May 5, 2011
Added more longs at 1497. will add more when (if) we get to 1480...
- Fmfx replied May 5, 2011
And now it is EUR's turn to fall... Sorry USD bears.
- Fmfx replied May 5, 2011
Great example of when fundamentals and technicals do not work: USD Glad I went long USD on several crosses last week when pretty much everyone was beating the greenback and praising the commodities, AUD, EUR, and everything else but USD...
- Fmfx replied May 5, 2011
Hello $1400s...
- Fmfx replied May 5, 2011
AUD is being dumped again... not a good sign for PMs... But my green toiletpapers I got for cheap are doing fine
- Fmfx replied May 5, 2011
Gold is struggling with $1520... for now...
- Fmfx replied May 5, 2011
$1520 is the level to watch and see how it holds for the short term...
- Fmfx replied May 5, 2011
Not sure about silver since you guys are the experts but with gold, it was and still is to load more longs. My tentative target for mid-term is $1600 in the light of upcoming USD strength...
- Fmfx replied May 5, 2011
I do not think we will see $1400. $1460-1470 should be the lowest if gold goes further down. Either way I have been adding to my longs since $1505
- Fmfx replied May 4, 2011
Disagree. There seem to be more room to the downside. 1.09 is unlikely again IMHO.
- Fmfx replied May 4, 2011
More falling for the AUD...
- Fmfx replied May 4, 2011
See my previous post please.
- Fmfx replied May 4, 2011
Being a both-way trader of gold, I would not short at those levels, at least until next week.
- Fmfx replied May 4, 2011
$1507 might provide support for near-term. Tomorrow London will decide I guess. Added longs from $1507...
- Fmfx replied May 4, 2011
Agreed... I do not trade silver but am adding to my long GOLDs...
- Fmfx replied May 4, 2011
Under $1500 is a possibility now in my opinion but I am adding to my "long-term" long positions anyways while holding my short from $1575 with profit locked at $1525... If it is going to be a similar reversal to Jan-Fub 2011 ($1433 in Dec to $1309), ...