OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Ipso

Posted by Samb @ 19:26 on February 12, 2015  

Last cycle high was in July 2014, and ended weekly @ 1340. This up ended 3 weeks ago @ weekly cycle high of 1295. Lower cycle high.  Line in the sand is the last cycle low of 1170…we are not very far from that right now. Not betting on the bearish camp that says $Gold @ 1000 or 900. Am betting that we are in an Int. down cycle right now and puts are the right place to be right now …and for many weeks to come. ETF’s 3x up or down don’t attract me. So, if one doesn’t want to sell auto parts or mining stocks at these low prices you can still have some fun AND MAKE MONEY by buying puts in $gold, gld, $silver, or slv or gdx, gdxj,etc. Not so  terrible to make 3x on your money while others debate the final low.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.