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21:37
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Originally posted by JumboWhiffey:
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Why would you want to short it now when it's been under so much price suppression already? How much further are you expecting it to go backwards? Market's likely priced in a balls up with mcphillamys, bad management hedging and backslide in POG. What's the bet that once you commit to a short position it rebounds and starts trending upwards again, shorting at the bottom is no different to buying at the top with the exception that you'll have to keep paying out to keep the short position open. Leave the shorting to scum like UBS, don't look at your account for a while and keep your fingers crossed for a market correction that triggers everyone to pour their money back into gold.
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Jumbowhiffey how are you Sir? Where do you see support for this one- are we at support or could we be drifting lower?
(20min delay)