Friday, October 1, 2010

Why I am Shorting Gold

Sounds Crazy? Well so did shorting the housing market and commodoties and Oil. It's often said by many of great trades that the contrarion side of the coin is best mused.

So why and when? Excellent question. It certainly will not be until early to mid 2011 when some kind of middle east tension starts to die down. With Oil getting ready to get the nod as the reserve currency this will stem the flow of massive funds buying into GLD and other Gold and mined commodities.

Than when my mother says I'm buying gold I am going to get ready to sell.

Mark this post I have a lot of analytical and technical research and predict Gold's demise to start in the first 5 1/2 weeks of 2011 with the end of March pushing the limits and the Paulsons and Soros' of the world start to dump billions of dollars of bullion onto the market you will see prices slope strongly to the downside touching base back at the $1,000 mark...

See you in the future