Added: 3 years ago
From: TheStreetTV
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  • Hi, I'm a trader,

    currently, on the XAU/USD pair( That's gold, for you non-traders there), The pair has been dropping lately and by looking at the trendlines,channels,fibo expansions and the indicators, It's likely that gold will drop even further.

    Just a last month, Gold has dropped from a height of $1923 to $1526, from my experience as a trader and the from indicators, it can be assumed that gold will drop further to $1411.05.

    So you should short(earning when its going down) instead of buying

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  • DO NOT GAMBLE Do not buy gold Gold is down 12% in the past month (Dec 2009) Pay down your credit cards and house loan Would you buy gold with your credit card?? No?? Why?? Because it is stupid?? Then why would you buy gold with cash when you still owe money on your credit card That is the same as buying it with your credit card SOMEONE WAKE UP AMERICA
  • @anyname666 simple.... gold is going up.... paper money is depreciating.... pretty simple i think.... maybe you should do some research before posting such a dumb comment..... every country is debasing there currency!!!!

  • @canadianwhaaat

    actualy if you have been paying attention

    the US dollar has gone up 30% against the Canadian dollar in the past year.

    last year at 1.30 last friday at 1.00

    the US dollar is also up against the Euro and pound

    looks like you better do som research

    ROTFLMFAO & KMF

  • @anyname666

    omg you are dumb.... if U.S dollar was up 30 % then that would mean the canadian dollar would be at least .70 cents to your dollar. Dollar is at PARITY idiot... whats happening is the FED is printing tons of money depreciating your dollar.... so the canadian dollar is raising to parity because of that.... forcing the bank of canada to print money to stay below the dollar so we can continue to export to the U.S.... screwing our economy too...

  • @canadianwhaaat

    hey boner brain

    read my comment again

    I said it was up over the last 12 months not over the last few minutes

    it went from $1.30 to $1.00

  • just buy the real thing.. gold

    (or silver)

    not paper..

    buy it hold it

  • thank you!!!

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