This is by no means a trading suggestion as I see it as high risk righ now to short gold but ALSO to long Gold
This is PAPER GOLD we speak about NOT physical Gold. The spread between the two is quite high right now and this could lead to some alarming conclusion.
What if the BUBBLE of Paper Gold market was intended by risk takers to secure their high risk positions? What if Gold is totally overpriced here to begin with?
You all only see the numbers here and logic says: Crisis= Gold is gonna rise.
If market moves were logic many of you would be quite rich or?
This is only intuition by me but I'm a pretty successful pro trader for years and no I dont have and will most likely never have money problems again in my life so take my advice at least under consideration!
What has helped me do what I do is always a healthy scepticism and you always need to SEARCH FOR THE HOOK if something in markets is TOTAL CLEAR ... :)
To summarize again:
PAPER Gold could be totally overprices here and as you can cleary see some really large and I mean REALLY LARGE PLAYERS are supplying a endless amount of Paper Gold right here ( THEY DID THE SAME AT 1700 two weeks ago!)
So what would it mean if I'm right here?
The Bubble of Paper Gold would blow and it would fall hard below 1000.
Now comes the second part of this genious plan: Physical Gold was just bought up by PRIVATE Persons and normal people for this paper Gold price ... At first people will resist to sell their bullions at a price of like 900 or 800$ but sooner or later the first ones will panic and at least want to recover half their cash ... and then BAAAAM the heist of a millenium has worked and Physical Gold can be bought up by really large players to junk prices for the rise to come when we all only go to digital currencys ina few years :)
Ah well maybe its just my imagination but I wish to publish this anyway but please do not short Gold here because I said so :P
Comment
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Recent price action confirms our suspicion.
I must say honestly I thought this time I'm too sceptical, too.
IF WE REALLY DROP FURTHER, TAKE THIS CHART AS A WARNING AND A PROOF HOW MANIPULATED MARKETS ARE!
Also now you know why 10% win and the rest looses ... Its not because people are dumb its because the game is RIGGED.
Thanks for your comments as I said, I totally agree with the logic of Gold going to moon but because thats so clear I refuse to believe it :)
Maybe I trade too long :P
Maybe sometimes profits that are sooo easy to see really are just that ... easy to see :P
salehmostafa007
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@Fibtree, I love the way you think bro , trade like the banks
illy0x
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the only way it wont moon is dollar funding issues
RichR333
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I agree, I'm bullish for gold long term. But this steep rise does not impress me, it shot up way to fast and will get slammed just like the earlier 1700 level. Banks will naked short this soon, JDST is accumulating as well.
hypercraft
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physical Gold is sold out. mining is closed. can't be delivered at the Moment for coming monmths...it can only moon.
Maybe I trade too long :P
Maybe sometimes profits that are sooo easy to see really are just that ... easy to see :P