Recent content by gugaplex

Why isn't gold flying? Because the USD is already near a bottom. Things don't fall (or rise) forever. The USD has been in a bear market for more than 5 years (and for good reason)! However, tech stocks were also in a bear market for 3 years after 2000 (for really good reasons) and they bottomed...

My previous thread started when gold was over $700/oz, then it plummeted to the low/mid $500's per ounce. I recently covered my short in NEM for a small gain because I wanted to short SDS (at $57.25) instead. Also, when I started the last thread over a year ago, the S&P500 has gained over 15%...

Gold is up a whopping 4% in one year versus 15% for the S&P500. Hardly an impressive move...

Whew NEM sure did crappy last quarter. Lost $2 billion. Of course what really matters is how the stock is treated, which is definitely unpredictable. http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bC0F36215-284D-45D9-81C8-9BB73C660BFC%7d&siteid=yhoo&dist=yhoo

Well, I'll be the guy they are selling to on the dip as I cover my shares. NEM earnings should be interesting tomorrow.

Hey Hook! I've been dormant for a while and avoided gold (trading non-gold related US stocks). I'm worried that when people think something can't be cracked, it cracks.... Good Luck to Ya

Oh, I can't wait for the price to start cracking! I can just smell it! Please, call me crazy now, so you can tell me how your foot tastes later...

Thanks for your insight. Gold has been pretty stable as far as volatility goes over the past few months. I think there will be much more volatility soon. The Gold Bugs believe the volatile movement will be to the upside, I believe it will be to the downside. Let's wait and see, shall we?

The uptrend is nearing an end for gold. I'm short NEM at $41...

I bought a month ago at $11.50 (25% gain), how am I "too late"?

or $14.20?

$17 price target

Looks to be building a bottom, should move up nicely over next few weeks...

Gold losing steam. If it continues to peter in the $670's, there is a large risk that the bulls will give in and pressure prices considerably. The risk to the down-side is not worth potential gains... Good Luck

I expect OVTI will fall to $12.40-12.50 and be off to the races thereafter...