Black Friday today?

[AlfredJPruffock]

Are you out of it now? If the equity sell-off that is in your bones comes (I got short ftse this morning so I kind of agree theres at least a chance of a leg down today), I would expect gold to go south with it?

Why on earth do you think that ?

[BrilloPad]

What a total prat you are sasguru.

I do trade technically. But I can still have a flutter when I feel a unique situation is developing.

And by the way, I've made more money on gold today than you'll make all week.

You will get used to sasguru. He seems to be a very clever chap who expresses his views in a very robust way(understatement). When not trading insults he provides some great insults.....

When are we having coffee again?

[Pickle2]

Why on earth do you think that ?

Everything sold off, gold including, during the last blow out in the autumn. Something to do with the longs covering cash calls or something.

Its also shot up a lot lately, and is touching recent highs around 1000 usd, so plenty of room for a pull back.

I should caveat that by saying I am best described as a punter, so it will porbably do the exact opposite of anything i think.

[sasguru]

What a total prat you are sasguru.

I do trade technically. But I can still have a flutter when I feel a unique situation is developing.

And by the way, I've made more money on gold today than you'll make all week.

Have you made enough to never work again?

[AlfredJPruffock]

Everything sold off, gold including, during the last blow out in the autumn. Something to do with the longs covering cash calls or something.

Its also shot up a lot lately, and is touching recent highs around 1000 usd, so plenty of room for a pull back.

I should caveat that by saying I am best described as a punter, so it will porbably do the exact opposite of anything i think.

Aha - now I understand your thinking.

The Gold index typically advances when there is a flight from the Stock Markets - or Fiat currencies - however as the Dollar has recovered ground recently Gold did take a little fall.

So as long as the Dollar is not losing ground I think that Gold will retain pretty much of its current value.

Good to see my predictions re Sterlings rally made during the daek adays of near parity in December is not far off the mark !

And of course Grey Slates remain - Grey Slates

[suityou01]

I can feel it in my bones, and I could be wrong, but wouldnt be suprised if there was a big crash today.

The FTSE is falling, currently 3920, All indices are down.

The $ has gone up, but correlated currencies (euro and pound) havent gone down yet. That is very wierd and will probably happen later.

And the Dow Jones is teetering at a low with no support for a long time if we break it.

Black friday?

Dude can we short indices again?

[SantaClaus]

You will get used to sasguru. He seems to be a very clever chap who expresses his views in a very robust way(understatement). When not trading insults he provides some great insults.....

When are we having coffee again?

Hi Brillo

I agree with everything you have said above apart from the bit about "clever"

Gotta do coffee with you sometime. Next time I'm in the city, we will.

[SantaClaus]

Yep, people pile into gold for risk aversion. Thats why its been rising all the while govt's have been patching things up with "bailout packages". But these packages are just sticking plaster and everyone knows it.

I can see us at least testing 1000 on gold today or even the high at 1030.
The trick is to scale profit along the way.

FTSE is at a deciding point. Just bounced off recent low. Could fall or might have to wait for the Dow to open at 14:30.

Forex has been behaving strangely today, no reverse correlation between swissy and euro or cable.

[Doggy Styles]

And I've got a bit of a sore throat.

[AlfredJPruffock]

And I've got a bit of a sore throat.

Sorry to hear that - I shall ask a cartain ArchAngel to make your throat better.

There you go - Tis Done.