chrisdunntv
Long

Looking for another panic in Gold

COMEX:GC1!   GOLD FUTURES
818 2 8
As I mentioned in this post, http://dunn.ly/1nEmWEm
Looking to see if the strong
dollar causes another panic
in Gold             to get price around $1,000
an ounce.

If so, I'll probably start to accumulate
more for long-term hold.

This isn't a speculative trade, rather a
hedge against inflation.
afbitcoins
2 years ago
May be final capitulation of this bear phase..
Reply
I agree with your points. I, too, have a longer-term outlook and use gold as a hedge. Inflation is the common one, but even deflation because I see central banks continuing their asinine policies, which are not likely to end well. However, I believe we will see a floor in gold because there is still so much uncertainty. JP Morgan will have to print a lot of sell contracts ;) $1,108 seen if the 2013 lows are taking out. But, I assume that if that were to happen it would have happened already when economic data was better.
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