Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

GOLD!!! GOLD!!!

Reply
MoMo01
Frequent Contributor
HI guyz,seening that gold is dropping at free fall speed how does taking a short ssf on say GFI/HAR work...
0 Kudos
8 REPLIES 8
BAP
Regular Contributor
It works fairly easy - but so is guessing the next move of the gold price wrongly! I'll wait for confirmation of a further decline, with Dow struggling today, investors may just jump back to gold?
0 Kudos
MoMo01
Frequent Contributor
u were ryt man...i think the dow will struggle with earnings season this week & will affect the JSE.gold might be heading back up
0 Kudos
MoMo01
Frequent Contributor
so does a short ssf work when the prices decrease
0 Kudos
MoMo01
Frequent Contributor
so BAP u say its easy,how does a short ssf work in general when prices decrease rapidly
0 Kudos
asylum
Super Contributor
when price decreases rapidly your profits rise rapidly easy.
0 Kudos
divz
Super Contributor
Hey Momo just sell instead of buying contract and hope it goes down instead of up same principle as going long just the oppsoite price action
0 Kudos
MoMo01
Frequent Contributor
k asylum..wats ur view on the dow n JSE and gold for this week
0 Kudos
BAP
Regular Contributor
Havn't made any money on short SSF's yet, must be a born Bull (although not supporting the Bulls). Basically you sell what you don't own yet. Remember to put stop loss in - especially with gold's volatility. Roffey tipped DRN last night??? No SSF's on offer - does anyone know why?
0 Kudos