m3rlin

@katyc pm me your bank details please

hi, i will take both please

hi, i will take them please

what's interesting, at least for me is that SP500 and Nikkei index did go up in the last 2 months and just now shows a little bit of weakness and i was expecting for them to collapse hard .

someone was asking about short/long ratio of retail traders on gold, see below: i did check and 3 different platforms/brokers have more traders betting short than long

2024£ by end of year 2025£ next year

the purple thing it.s an RSI (relative strength index). normally uses an 14 or 20 day value and readings above 70 level is overbought and below 30 oversold.

only if you have done it successfully in the past and have some sort of system/rules for this type of approach and now your rules says it's time to do it or you fill so and want to make a small bet maybe. i did have in the last few weeks some sort of hedge i was long cfd's on gold and short silver contracts but now i'm long silver as well (makes me feel anxious now). this trade doesn't has anything to do with my physical stack as it's very small and just recently did go in physical gold it's just speculations. people like as should stay away from options

retail traders are often wrong. some times it pays to follow the money, some time it pays to follow the crowd and some times it pays to follow the price 🙂

price down maprice down a lot

exactly, @Bratnia please can you recommend some of the books that have you read about portfolio construction and rebalancing.

you will receive some good responses here and over internet im very sure, but another one is this: because of people expectations, they believe gold will be worth more in the future. at some point people expectations/believes will change and will affect the price in one way or another and that price again will affect the expectations/believes of people at that point. you can apply this logic to every asset, every school/course you want to do. for example at some point in your life you decide to go study medicine/law/it because you want to help people and you like that field/job but deep down a small part of you in that time is thinking as well about your future: is this a good job to have in future, will you have plenty of work will be the wage good, will be the reward bigger if you choose the one field that you like more or the one that makes more sense (you see expectations about future)

very good point. people have short memory. same with nikkei 225 index, it took 30 years or so to break above that high. how many people have are welling to buy each month in an 5-20 years bear market and how many will be still alive to cash out at break even or at a profit? it's all about your entry price, exit price if you are wrong or right and your time- frame.

another reason for gold going up it's china having some problems and starting qe. from a trading mindset price of an asset closing at low/high on Friday it a strong indication of momentum in that direction more so if it's a long weekend(like this case 3 day market closed). "when a market makes a historic high, it is telling you something. The mere fact that the price is at a new high tells you something has changed." Of course price can go down as well, mostly because i just made this post and i'm long paper gold 😄