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0.51% $1,391.7 gold futures

Not buying Armageddon but betting on continuing Eastern Demand,...

  1. Tetlom
    1,484 Posts.
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    13/11/13
    12:27
    Post #: 12563558
    Not buying Armageddon but betting on continuing Eastern Demand,

    I/O was 40AUD to get out and 160 to sell - 400% margin - great business

    Au is now, after cost cutting 1.000 to get out and 1,280 to sell - now gold is desired but not required, so perhaps best to think of it as a jewellery and a Financial Play thing.

    Margins are pretty thin here, and the Stocks are not looking over-bought, unlike the rest of the market.

    Market seams more greedy than last time Gold got smashed, everyone knows which are the quality stocks now and plenty of people have cash ready for a quick 30-100% profit repeat.
    Value at posting: $0.00
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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