Gut Feel

My gut feel is that gold could be shorted here (short to medium term). I am wagering exactly $0 on this as I don't trade commodities.This is just a feeling from watching the flickering screens for so many years and has nothing else behind it.

3 comments:

Market Owl said...

I agree. Gold is so grossly overbought right here and there are almost no bears in sight. But these things spike up the most at the end of their trends so kind of dangerous to short it.

Anonymous said...

Gold isn't a commodity. If it were, the price would collapse due to the inventory overhang compared to annual demand (for jewelry, dentistry, electronics and other purposes other than speculative hoarding). What gold is, I really can't say. Which is why I don't buy it. I don't buy things I can't even begin to understand.

Anonymous said...

Gold is bling dawg.