Well here we are - £700 target for £POG reached - and a month early too ! So what now, do we sell and say thank you very much or stay with the trade? That my friends is up to you, hopefully you bought when it was cheap back in the summer and you have a nice dilemma now.
Personally I would sell half and sit back and relax.
Happy trading ...........
Short-term, sell the mother. It'll drop down to $1150 dollars by next Friday.
ReplyDeleteLong-term, hold the smegger. It'll be $1250 dollars in the New Year.
Super long-term. We're goin' to the Moon, baby. $2,000 dollars by 2012.
Well Jack - almost $1250 today - do I hear top ?
ReplyDelete13 days up in a row - I have liquidated all core holdings over the last few days +48% YTD leave the froth for the johnnie come latelies .. gold has been part of liquidity gush that has sent stocks, bonds, corporates commmodities all UP together. Dangerous times when there is one way bets!
Yep, I see a correction on the cards, as EVERYONE is piling in. A correction should force the Johnnies out and only leave the hard-core Austrians. But the drift is still upwards because of all the money printing going on.
ReplyDeleteIf all of those 'excess reserves' at the Fed and the BoE start seeing the light of day, watch gold rocket. Though perhaps silver is the better bet, as the Johnnies aren't watching it?
I'd never have made a good trader. I just don't have the nerve for it! ;-)
Fundamentals: Gold still has a long way to go up.