Short Gold, Silver, Crude Oil!

Question

I have been shorting Gold since last November when it was trading at 1780 an ounce and silver when it was 26 an ounce..I waited too long to short Crude Oil but nevertheless i shorted it today at 95.

Gold will eventually go back to under 400 an ounce. But sometime this year, Gold will be trading around 800 an ounce. Keep watch- when you see Gold break through the floor and close below 1,170, 1170 will become the new resistance at the top, and God only knows how far the bottom will be.

Crude Oil will be at 80 soon.

AlphaandOmega · Answer

I have been shorting Gold since last November when it was trading at 1780 an ounce and silver when it was 26 an ounce..I waited too long to short Crude Oil but nevertheless i shorted it today at 95.

Gold will eventually go back to under 400 an ounce. But sometime this year, Gold will be trading around 800 an ounce. Keep watch- when you see Gold break through the floor and close below 1,170, 1170 will become the new resistance at the top, and God only knows how far the bottom will be.

Crude Oil will be at 80 soon.

avenue · Answer

Are you shorting these OrBuying puts?

TheGoldenGoose · Answer

Please explain to me your rationale that Gold should be under $400 an ounce.  Is not Gold currently undervalued at about $1300?

AlphaandOmega · Answer

Gold down 10  Crude oil down close to $2 a barrel  Silver down about 60c

avenue · Answer

orcl up!

AlphaandOmega · Answer

Yea but not for long!   Its going back to 32.50 and probably even 30.

Bmore · Answer

[Quote: Originally Posted by AlphaandOmega] I have been shorting Gold since last November when it was trading at 1780 an ounce and silver when it was 26 an ounce..I waited too long to short Crude Oil but nevertheless i shorted it today at 95.  Gold will eventually go back to under 400 an ounce.  But sometime this year, Gold will be trading around 800 an ounce.   Keep watch- when you see Gold break through the floor and close below 1,170,  1170 will become the new resistance at the top, and God only knows how far the bottom will be.   Crude Oil will be at 80 soon.  &#xD;&#xA;&#xD;&#xA;[/Quote]&#xD;&#xA; &#xD;&#xA;I truly hope your predictions are accurate as i will dive in head first at gold and silver at your suggested prices.&#xD;&#xA;The only reason why these assets arent higher is because central banks have been munipultating the price of gold and silver for years&#xD;&#xA;Once the US dollar loses its status as the worlds reserve currency (rest assured i meant once not if because its a guranteed fact this will happen) the price of these assets will sky rocket over night&#xD;&#xA;I hope you get out of your short positions before this happens

Rush51 · Answer

The question we have to ask is, if U.S. is to lose status as world's reserve currency, who takes over ? If the rest of the world falls apart at a faster clip than us, U.S. retains status.

Not debating we have tough times ahead, but who supplants the U.S. as the world's currency ?

Bmore · Answer

[Quote: Originally Posted by Rush51] &#xD;&#xA;The question we have to ask is, if U.S.  is  to lose status as world&#x27;s reserve currency, who takes over ?   If the rest of the world falls apart at a faster clip than us, U.S. retains status. &#xD;&#xA;Not debating we have tough times ahead, but who supplants the U.S. as the world&#x27;s currency ? &#xD;&#xA;[/Quote]&#xD;&#xA; &#xD;&#xA;the chinese have been buying up all the gold they can including buying actual gold mining compaines to produce there own. they will come up with a currency (prob a joint venture with Russia and other countries) that is 100% backed by gold, like the US dollar was before Nixon ended the gold standard in the early 70&#x27;s.&#xD;&#xA;We are in the mix of the 3rd BIG global currency war right now. The US is winning as of now because of our status as reserve world currency but this will end badly like all 3 of the other currency wars have. &#xD;&#xA;China and Russia have made a pack with middle eastern countries and now allowed oil to be traded in Yuan instead of dollars for the first time in pretty much ever. &#xD;&#xA;Rest assurred these countries are postioning themselves to get out from the dollar as we speak. Read the articles below for more on this.&#xD;&#xA; &#xD;&#xA;https://www.mining.com/shh-dont-tell-anyone-chinas-central-bank-gold-reserves-are-growing-rapidly-64769/&#xD;&#xA;https://www.reuters.com/article/2013/11/12/china-reform-idUSB9N0I602C20131112&#xD;&#xA;https://goldminersreport.com/library/china-to-rebuild-great-wall-with-gold/

NeverMind · Answer

If gold really drops below 400, I will definitely buy A LOT!!!

AlphaandOmega · Answer

Gold keeps tanking!!!

SweeptheLeg · Answer

Which broker do you use Alpha&amp;omega?

Ivan38 · Answer

Fed going strong with QE infinity and gold drops, how is that possible???   this whole system is rigged

SportsFan9698 · Answer

Commodities are falling from the skies because it is traded relative to the USD. The USD will be bolstered by the GCR... global currency reset.

Way too much to explain here, just buy Iraqi Dinar if you want to benefit.

dimndimn · Answer

India is implementing some heavy taxation on gold.  Wouldn&#x27;t surprise me to see gold under $1000 in the coming months.  The gold market is driven by what India does.

Rush51 · Answer

Negative. The gold market is dictated by what Fed Chairman Bernanke says, and he has just said the country will (marginally) decrease its bond purchases. This signals to the market that the easy money is (Very, very slowwwly) coming to a close.

Rush51 · Answer

&#x27;Easy Money Policy&#x27;  that is....

AlphaandOmega · Answer

The moment you see Gold close under 1170, it is going to be a very fast ride down to 900.

AlphaandOmega · Answer

here are the problems with gold.. For starters, it has no earnings. It doesn't pay a single cent in dividends. It used to be a show off metal, one where people loved to adorn themselves with. It is useless, worthless piece of junk that basically sits either in a jewelry box, on someones body or in a vault. The entire worth of this piece of junk is completely dependent on macroeconomics to predict a price.

kingpincarbs · Answer

Gold is a currency alpha that is why it does not pay dividends.Does the US dollar in your wallet pay dividends? The same could be said about US dollars. Dollars are freely printed and created out of thin air. So what if you get a dividend from a stock payable in us dollars. If the dollars aren't worth as much as they were the day before. You bash gold but every since humans have been in existence gold as always prevailed. I'm not a gold bug, but to totally discount it as worthless is just ignorant. What makes gold different this time making it worthless than in the past centuries?

kingpincarbs · Answer

So macroeconomics does not predict a price/value of the US dollar?

Short Gold, Silver, Crude Oil!

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