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Hold your gold purchase until March 26th

derrybderryb Posts: 36,953 ✭✭✭✭✭
in Precious Metals
With options expiring Friday March 26th and a hefty number of options at the $1,100 level this would be a great time to catch a good dip in the gold price.

The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Comments

  • tincuptincup Posts: 5,188 ✭✭✭✭✭
    Thanks for the heads up! but isn't everyone going to spend all of their cash before then, on the Boy Scout commems? image
    ----- kj
  • KUCHKUCH Posts: 1,186
    on itimage
  • derrybderryb Posts: 36,953 ✭✭✭✭✭


    << <i>Thanks for the heads up! but isn't everyone going to spend all of their cash before then, on the Boy Scout commems? image >>



    They made them in gold? image

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    What dip price do you expect?
  • derrybderryb Posts: 36,953 ✭✭✭✭✭


    << <i>What dip price do you expect? >>



    $1078.31 give or take a penny.
    Seriously, don't know for sure, but I am expecting an opportunity to backup the truck.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    Finger is on the trigger...
  • derrybderryb Posts: 36,953 ✭✭✭✭✭
    it will be important to first determine that friday is not the beinning of an even bigger dip. before I buy a dip I always first look for upward momentum.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>Finger is on the trigger... >>



    As the OP said...keep your "finger of the trigger" until after this week.

    ( $118 billion in Treasury Auctions this week )
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    OP, are you buying paper or physical gold? Little more information - strategic wise please!
    Avid collector of GSA's.
  • derrybderryb Posts: 36,953 ✭✭✭✭✭
    For me physical gold only, paper will eventually crash. gold eagles only. volume from tulving, singles on ebay below spot with cashback, ebay bucks and Mr. Rebates.
    If you must do paper I would recommend it only be kitco.com pool account. Easy in, easy quick out 24/7. For short term players I would choose kitco.com pool account over physical. I do hold some silver and palladium in kitco.com pool account but monitor prices and news daily.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Perfect. I'll cash in my CLCT call options that triple after the big one and buy gold on a dip. I may retire in Sept. --Jerry

























    ...just not sure which sept....image
  • RedTigerRedTiger Posts: 5,608 ✭
    I am hesitant to rain on the parade, but the novices seem to be taking this much too seriously. Please don't bet much on this event. Gold may well dip, but it might well rally, or the option folks might go for the pin (no movement at all) to make the maximum number of options go out worthless. There is no consistent way to tell before it unfolds.

    If there was a sure fire way to profit at each expiration, it would tend to stop working after three or four such games. Any statistical edge is likely to be a tiny one. Often times expiration day goes opposite of the bias from the last time. However, that is a lot like betting on red on the roulette wheel just because there were two black's in a row. The human mind can find patterns where there are none.




    Investment blog: gold, stocks and more
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "Perfect. I'll cash in my CLCT call options that triple after the big one and buy gold on a dip. I may retire in Sept. --Jerry"

    Life is good.
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