Post by
Kato5579 on Dec 16, 2020 10:17pm
Re:gold price on the move
Good luck with the US stimulus, those mothers couldn't agree on the type of toilet paper they can use, been bickering for how long now, and the shorts been eating the longs alive since $13 and change. I sold my trade position today on K with small profit, had way more shares than I should in my portfolio, still holding 13500 shares for medium term. With my luck the price of gold will probably shoot to $1900 and K at $10 the next couple days, after I sold 20000 shares today at 9.30 which I bought at 9.22. I was looking at five figure loss just 2 days ago. What I may be afraid is the stock price has already baked in this imminent stimulus deal. I have real time live ticker on stock trades and live gold charts. The shorts are so powerful trading the fricking 100 share lots all day back and forth to suppress the price, always 4 to 5 trading houses are working as a team. Without a substantial bump in gold price its unlikely much upward movement on price of K . Spread your money around. I will get rid the rest of my K shares if it hits 10.50-11 then re-evaluate. GLTA.
Comment by
fishcarrier on Dec 17, 2020 10:21am
Lucky for you you still have 13,500 shares to see this lovely rally. Back to $1900 gold today anyway. Makes my heart sing on far fewer shares!