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Thread: Gold plunge, sell or hold?

  1. #91
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    Quote Originally Posted by land118
    No more logic, USA Big Bro image and military might itself is a safe haven for currency..

    USD buying has nothing to do with usd being safe haven.

    It's a massive funding shortage in the system.

    A lot is going on. can't go into detail here.

    Stk mkt will fall further. Just watch it

  2. #92
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    I need to warn those traders without putting stop. In the event the position is against u, and ur in a margin call situation, and if ur not contactable or unable to make good of margin within the same day.

    Your position will be chopped....

    Also, for some houses, the stop does not work in the event of open gap up or gap down, it may become a limit order.

    I went down to the house today...so many margin calls..

  3. #93
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    Lucky enough to catch some fire sales, if there's any?

  4. #94
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    Quote Originally Posted by maisonjai
    Lucky enough to catch some fire sales, if there's any?
    If fire-sale house can also raise cash so fast to meet margin calls?

  5. #95
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    can't. but maybe after margin called and forcesold positions, there is still a massive loss to pay or face bankruptcy proceedings. in that case, fire sale house can raise cash to save the fella.



    Quote Originally Posted by hyenergix
    If fire-sale house can also raise cash so fast to meet margin calls?

  6. #96
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    Jul 2011
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    Quote Originally Posted by Montaigne
    Thank you, what u said make sense. I will choose to believe that within this 10 years and at one point, I can at least breakeven. This will be my last game. Big mistake... TWICE. Lost and realised 8k in July.
    It's USD1740 today.

  7. #97
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    Quote Originally Posted by Montaigne
    Dear peeps, I need advices. I bought 2 lots of gold at $1770 when it falls from $18XX. Now gold prices dropped to $1650. If I sell, I will realise a loss of about 10k. If I hold, I risk a margin call at a price of $1200, as I have $50k buffer in the futures account. So if I really hold and gold price drop to $1200, I will lose $50k. I am planning to hold for a year or two and wait for price to rebound, interest rate per lot is $1k per year. How is your view on this? Please help. Thank you.
    A month now and it's back to 1759 today.

  8. #98
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    Quote Originally Posted by DC33_2008
    Will move in when gold drops to US$1200.
    Gold will never drop back to this level. It's teasing us around $1600-$1800. Chinese and Indian festivals are coming. Central banks are still buying gold. I think price will go up again next year.

    http://news.goldseek.com/GoldSeek/1320411600.php

  9. #99
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    People got scare after hearing to Basic.
    Quote Originally Posted by hyenergix
    Gold will never drop back to this level. It's teasing us around $1600-$1800. Chinese and Indian festivals are coming. Central banks are still buying gold. I think price will go up again next year.

    http://news.goldseek.com/GoldSeek/1320411600.php

  10. #100
    teddybear's Avatar
    teddybear is offline Global recession is coming....
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    Wait till US$ raises and gold will, well, crash like stone!

    Quote Originally Posted by hyenergix
    Gold will never drop back to this level. It's teasing us around $1600-$1800. Chinese and Indian festivals are coming. Central banks are still buying gold. I think price will go up again next year.

    http://news.goldseek.com/GoldSeek/1320411600.php

  11. #101
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    I don't think so. Too many people (including myself and the forumers here) and central banks are aiming for gold now.

    Useful articles:

    Gold as investments?
    http://www.goldinmind.com/gold-updat...hat-to-do.html

    Gold scams!
    http://www.goldinmind.com/how-to-buy...and-scams.html

  12. #102
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    Quote Originally Posted by Montaigne
    Dear peeps, I need advices. I bought 2 lots of gold at $1770 when it falls from $18XX. Now gold prices dropped to $1650. If I sell, I will realise a loss of about 10k. If I hold, I risk a margin call at a price of $1200, as I have $50k buffer in the futures account. So if I really hold and gold price drop to $1200, I will lose $50k. I am planning to hold for a year or two and wait for price to rebound, interest rate per lot is $1k per year. How is your view on this? Please help. Thank you.
    It's 1792 today, you should be making now. Sell or hold, the choice is yours.

  13. #103
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    Quote Originally Posted by 1000g
    It's 1792 today, you should be making now. Sell or hold, the choice is yours.
    Already sold one at 1670 lah... sian...

  14. #104
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    Quote Originally Posted by Montaigne
    Already sold one at 1670 lah... sian...
    Gold must buy and hold one lah. Price won't go down much because drama is still unfolding in the west and east is still buying quietly.

  15. #105
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    Quote Originally Posted by hyenergix
    Gold must buy and hold one lah. Price won't go down much because drama is still unfolding in the west and east is still buying quietly.
    Agreed 1000%.

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