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Gold bulls. Avoid 'em

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SimonPB
Valued Contributor
Stephen Mulholland on gold bulls .. They tend to be obsessive, boring and wrong .. http://www.miningmx.com/news/gold_and_silver/gold-bulls-bah-humbug.htm
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14 REPLIES 14
jack12
Super Contributor
Thanks, I noticed that. Reminds me of the saying" on the wing and a prayer" but as you say a broken clock must be right twice a day!
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AJT
Super Contributor
not if it is digital....
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jack12
Super Contributor
You cant trust modern technology!!
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AJT
Super Contributor
:)) - trust you will be moving back to paper trading ???
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Goldbull
Frequent Contributor
Simon I'm the opposite RACONTEUR
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kwagga
Super Contributor
Simon - Just one little fact. When everything else came crashing down in 2008 you would have made 35% on GLD for that year. Not bad for a barbaric relic. Funny thing is I only trade the price like any other thing you buy or sell. In fact who cares what you buy when you only trade the price. It's short term and it makes money. If you ignore the noise from either the gold bugs or those bashing them you should be ok. Stephen Mulholland = noise. Richard Russell = noise.
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Ninja
Super Contributor
Spot on Kwagga, you could be trading kangaroo skins, all that matters is the price and the chart.....gold still looks good to me on the charts with strong base support around the $1000 mark.
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SimonPB
Valued Contributor
lol .. indeed .. this is just taunting the gold bulls for some friday homour .. but none around ??
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unknown
Contributor
any thots on next weaks trading range on gold $, want to enter a position on gld...
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Ninja
Super Contributor
1) Learn to spell 2) Learn to trade 3) Make your own call
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Ninja
Super Contributor
Gold challenging $1020......
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Not applicable
Thats great. now the other half of the equation is what rand strength will there be. Strong rand/srtong gold price=nothing spectacular.....
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Not applicable
The movement we are seeing on the $ gold price appears to be due to rumours that certain oil contracts will be priced in a basket of currencies, instead of the $. I.e. we are seeing $ weakness rather than gold strength. The effect of this on the R gold price (GLD) should be fairly neutral.
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Not applicable
Fortunately mines don't follow GLD.
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