T1B

and bought into gold back in mid december,

You could sell now and reap a profit of about $40 an ounce. :D

Mister Bushice wrote:and bought into gold back in mid december,

You could sell now and reap a profit of about $40 an ounce. :D

Will,

If you own any gold or mining stocks, and your trading them, they are getting ready to take a dump.
Longer term the trend is OK, but short term, they're about to get hammered.

I'm short the SLV ETF right now

I'm not.

I just bought and sold gold, not gold stock.

For every ounce you bought in mid december you would now have gained about 900 bucks.

Mister Bushice wrote:
For every ounce you bought in mid december you would now have gained about 900 bucks.

Uhh........ Gold went up 10% since bottoming around Jan 1 - the closing price Friday was $668.5 per oz.

If you found somebody to buy it for $1,500 per oz. send me a link and I'll split it with you :D

early to mid december it was somewhere near $618.

and I meant for every POUND you bought, not ounce. my bad brain to finger connection.

Here's what I meant Scott:

Dec 18:




Feb 28:



So it's a gain of about $56 an ounce. Not too bad if you bought in bulk. :)