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S W
Member since May 2012
668 commentaries - 5 followers

5 followers

has posted a comment on the article :

Did Rubini lose $ 2.1 billion for his clients ?

- Peter Souleles -

Gold is something you hold. It feels good!
The Price of gold is something that may be traded.
The price is below the 200DMA and i agree...so what!
So what if it drops below the 300DMA?
What if there is a close below $1530 on a weekly chart?
It would likely mean the price will go lower.

Definitely I will be short the price but remain long the physical.

So what? Cash out later and buy the physical with the gains.

SW from Sydney, Australia and isn't an Economics or Law graduate!

Commented 4498 days ago

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Beginning of the headline :"Gold again proves it is not the safe haven many had hoped for, breaking the 200-day moving average, the first time since 2009 andsignalling that prices may drop to US$1400/ounce." Shelley Goldberg Roubini Global Economics December 14, 2011 This was the "soul destroying" opening of the restricted access article on the website ofRoubini Global Economics... Read More

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