11-23-2009, 06:27 PM
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#1 |
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Administrator
Join Date: Aug 2006
Location: Central CT
Age: 30
Posts: 739
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Gold at all-time high
Gold hits record above $1,170/oz as dollar slides - Yahoo! Finance
$1170 /oz. Just a year ago, it was in the 800's.
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11-23-2009, 08:54 PM
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#2 |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
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SHORT SHORT SHORT!!!
j/k i dont' play with gold much so it doesn't really matter to me.
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12-01-2009, 06:40 PM
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#3 |
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Greenhorn
Join Date: Sep 2006
Location: Los Angeles
Age: 25
Posts: 10
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1200/ oz today.
I'm long but only at ~3.5% of my portfolio. If inflation takes off, i think could easily go to 2,000. Not sure how big of a position I'd take in gold, but commodities in general could be a good play. Long the equities market and short the dollar has been working really well the last couple months. |
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12-01-2009, 09:15 PM
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#4 |
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Administrator
Join Date: Aug 2006
Location: Central CT
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IMO, it's too late to play gold/other metals. it's SELL time now.
Once the economy picks up, the dollar will get stronger which will in turn drop the prices of gold/silver/plat. I could be way wrong, but i don't see it sustaining these prices past 2010.
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Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker. |
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12-02-2009, 07:57 PM
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#5 |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
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i don't see it going too much longer either. if i could play, i would be shorting it right now, but i don't have the extra cash flow. maybe next year when i get my tax refund, and if the prices are still high, i'll short a couple grand worth.
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This post does not express the opinions of the website, it's members, or its owner. Always invest with caution and do proper research. If you have questions, consult a paid, investment professional. |
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