You've Got To Be Kidding Me

A discussion on gold, silver, and the markets.

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Location: Freehold, NJ, United States

Married with two children and one toy poodle which was not my first choice but I like her anyway. Been on the Street since 1989, mostly as a retail broker.

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Tuesday, January 15, 2008

You have got to be F'ing Kidding me....

As I was absolutely exhausted, I went to bed early last night with gold up about $6. Just noticed at it's high, it was up to about $911 on spot or up $9. It is now up .90. You have got to be F'ing kidding me. This is the second day in the row this game is still being played. Have the shorts not learned their lesson? All this happened with the dollar at it's lows. For all that's happened, and yes it's been a real nice run, examples like this, show why the marketplace is a joke. Some will even say, a crime.

The shorts are getting desperate, as I can't see how this is profit taking or long liquidation. Right now, there is a lower high in place as on Sunday night gold topped at around $915.

The NY, Crimex open should be fun.

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