Buy Gold on dips

Closed Thread
Page 1 of 2 1 2 LastLast
  1. #1

    Buy Gold on dips

    Thought I might start a thread mainly on bullion(gold) and forex...Please share your ideas or any trading strategies.

    I believe we must buy gold on dips the lowest level the gold will come down to this year is 875 and highest would be 1345. Current price of gold is at 930. I would start buying around 923 and average your costing each time i comes down 10usd. Hence this is a Med-long term trade.

    For short term traders it is very simple to earn $1k-3k hkd per day, by trading in a range.


  2. #2

    Join Date
    Jun 2009
    Location
    Darkside
    Posts
    1,589

    Buy low - sell high; like it - it may catch on.


  3. #3

    You can earn more if you are using leverage/margin trading, ie if gold moves up/down $1 we earn $780hkd


  4. #4

    Join Date
    Jun 2009
    Location
    Darkside
    Posts
    1,589

    You never lose? Cracker!


  5. #5

    gold now at 954....just broke a resistance at 948 will continue to go up...hope everyone is making money


  6. #6

    Join Date
    Jun 2009
    Location
    Darkside
    Posts
    1,589

    The excitement's making me wet myself.


  7. #7

    Join Date
    Dec 2002
    Location
    θ–„ζ‰Άζž—
    Posts
    47,967

    I guess the hedging strategy is to invest I'm adult diapers.
    Posted via Mobile Device


  8. #8

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,205

    So since you made your recommendation it has gone from 930 to 945 (2%). In the meantime my Tracker Fund investment has gone up about 15%.

    So yes, I'm making plenty of money thanks.


  9. #9

    Join Date
    Apr 2004
    Location
    hong kong
    Posts
    3,484

    Was the joining date of Bychineva , April 1st by any chance ?


  10. #10
    Quote Originally Posted by PDLM:
    So since you made your recommendation it has gone from 930 to 945 (2%). In the meantime my Tracker Fund investment has gone up about 15%.

    So yes, I'm making plenty of money thanks.
    glad to hear that...for the long term buy more gold ETFs or buy gold on margin...thats what im doing

Closed Thread
Page 1 of 2 1 2 LastLast