well and truly burn and bleeding., page-23

ptrader,

It is probably too late to get out now.

Gold has failed to go much higher at the height of US debt problem and that has made me think that there is more probability of gold going lower than higher.

I was super bullish on NCM but managed to hedge my long with short and now in a very good position and have to say the profit come more and more from the short side of the trade.

It is futile to fight market.....the trend down has been going on for a long time.
None of us can see the future and no one will know where NCM is going from now on but each one of us is different.
SG is more bearish than bullish....if one has followed him going short from the 20s and hold, the result would have been stunning.

I personally will continue holding short and adding position on strong rebound.
NCM can always rebound.......when?? Can they go down lower?? Always possible.

If you sleep well and not staying up all night following the gold price, then you must be in the right position.

Cheers,