Originally Posted by
Slurry Pumper
I've identified $170 on GLD as my target to unload the truck. The lack of stimulus from August and now the dollar strengthening at least in the short term is giving a buying opportunity. That or Gold collapses and I lose a shyt load of cash and I have to explain to the 'ole lady why we need to sell the houses and start living out of a van down by the river. Well not that bad so I'm trying not to look at it day by day so setting advanced orders to start buying some GLD (50 at $175), then (75 at$172.50), then the total money shot at ($170 for 200 more shares). If it gets there that would represent a 162.5% increase in my GLD position. Under that I just hold and prey for limited armed conflict between nations, fiat currency collapses, and huge over the top stimulus bills from the world's nations. I think I will eventually get one of these before the end of the year.
Of course I lost my first chance to buy at $175 because I didn't look at the market this morning until just a few minutes ago and it looks like the price is rebounding a little, but the price is in the area.