I am going long gold. My risk is 2%.
I hope I lose and hope we see gold at 1100. I will buy the sh.it out of it there.
I hope I lose and hope we see gold at 1100. I will buy the sh.it out of it there.
Comment:
S&P down .70% and gold doesn't react? This is the antithesis of bullish behavior. I am cutting my risk in half.
Comment:
At a minimum I'm targeting the 1220 - 1245 zone for price settlement. Though unlikely, 1100s is fully in the cards. If that occurs I'll be all over the gold miners like 1000 pound gorilla.