[zdo]

What an excruciating trade!
Avg. position is ~ 1842
Planning to take off another percentage of the spec at ~1700



I sort of understand the dollar strength, but could use some enlightenment on the return of the yen as risk off - especially as how they may need to evacuate the whole gd freakin country...

NO HOMEWORK... NO TESTS... NO GRADES. ONLY THE PURE JOY OF LEARNING any tiime, any where!

[zdo]

More re


Maybe it's just me, but it sure seems like global systemic insanity and denial has taken another uptick or two...

btw and fwiw OP, I now doubt Soros really sold gold ...

Speaking of insanity - I'll show you some insanity. Way back when - pre Japan quake, heck almost pre - Euro mess, I started accumulating a long USDJPY position. (Some of it was chronicalled over in SilverDow spread thread for a while.) Well, I'm STILL in that trade! infreakinsane !!! Average price is worked to sub 78 but getting there has required more size than initially planned and the original planned position size was already huge-r than normal. I'll end up making some good money off it someday - but good lord - the opportunity costs during that time... Since I'm not really a position trader it really is insanity I tell you ... maybe it is just me

[zdo]

Gold spec shorts all covered now
20% at ~ 1700
20% at ~ 1681
20% at ~ 1645

Hedge for physicals still on. Will trail stops down for now...

...


Would love to see silver bullet on down to ~24

Have a great weekend all

[Kojak]

Originally Posted by MadMarketScientist »

I'm still bullish gold, what's everyone opinion?

MMS

If you are bullish on Gold, then according to my reasoning, you are bearish on a turnaround happening, in the foreseeable future. On the contrary, if Soros is selling Gold, is he seeing a bottoming out? Is Gold the bellwether for for the economy at large now....?

Gold the Global Index???

Jose Kollamkulam,
Chennai,
India