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odanez
Member since November 2012
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Bounce in Gold Is a Dead Cat – Fade The Rally

- Sam Kirtley - Sk Options Trading

...and all of this is based on "since the Fed is not embarking on any new quantitative easing in the foreseeable future" and some technical analyses, of which tere just as many saying the opposite. How can anyone be sure of what the fed will do? And how can anybody be sure where the next $200 move will go to? I am not convinced, and will post back here when gold does indeed reach $1500. Not saying that it won't go to $1000, I just believe in many of the fundamentals and the long term outlook for precious metals is still good, I see all the bullish commentaries that the low is in and I personally am not sure it is yet.

So far, none of SK Options Trading's articles has convinced me.

Commented 4140 days ago

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Beginning of the headline :Gold prices have enjoyed a welcome bounce from $1200 to $1280 recently, which has some perma-bulls bringing out the famous “this is the bottom” LP yet again, a record which has been played so many times this year it must be getting close to wearing out. Whilst this minor bounce in gold is to be expected with Bernanke cooling the markets aggressive tapering expectations, a major rally is not sustainable since the Fed is not embarking on any new quantitative easing in the foreseeable future. As su... Read More

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