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Wonger

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  1. Wonger

    The coming Gold crash

    Personal exposure and desk exposure to short Gold futures at this present time is lets say interesting! 😉 However this is in addition to various other interesting positions that include short 30 TSY (long term) short s&p's (short term) short Bitcoin target $1200, long oil storage TNK, STNG ,LPG, EURN, DHT added Friday medium term, short WTI medium term, Short Silver medium term as is Gold
  2. Wonger

    The coming Gold crash

    The commercials are still net short 280,000 Gold contracts, Gold is going down! Open interest does not have any effect on price only the actual net positioning, speculators could be long 500,000 contracts and short 500,000 contracts giving a huge open interest reading of 1,000,000 contracts, but no net position, these could then be reduced to being long 100,000 contracts and short 100,000 contracts without a move in the price, because as before there is still no net position, the price will not move until net positions are being formed!
  3. Wonger

    The coming Gold crash

    Any professional trader knows that a bottom does not look like the WTI action last 2 days and its a short squeeze into the weekend setting up a gap down open, so would short into any strength going into the close!
  4. Wonger

    The coming Gold crash

    Yes why wouldnt I still have my $400 Gold price target, WTI price target $4, tankers to the moon!
  5. Wonger

    The coming Gold crash

    I dont trade on luck!
  6. Wonger

    The coming Gold crash

    Still holding Gold shorts, added to tanker longs and shorted WTI Friday afternoon, WTI is going to collapse Monday!
  7. Wonger

    The coming Gold crash

    Shorting into this at June $1622 Spot $1607
  8. Wonger

    The coming Gold crash

    Well by month 4 we will be on rice or spaghetti with carrots or sweetcorn, cant wait
  9. Wonger

    The coming Gold crash

    We have upped our food storage supply from 3 months to 6 months, I think its a real possibility that food shortages will come very soon indeed as processing and distribution break down, I will happily donate the 100 packs of spaghetti to a food bank if not needed, which I hope is the case but I fear its not for reasons that some will already know on here and is yet to hit the media headlines, but soon will
  10. Wonger

    The coming Gold crash

    If anyones interested we have been buying Teekay Tankers ticker TNK on NYSE and Scorpio Tankers ticker STNG on NYSE, its a play on oil tanker rates exploding higher due to the overwhelming demand for oil storage, tanker rates are hitting $180,000 a day 😉
  11. Wonger

    The coming Gold crash

    Shorting more June Gold futures here at $1612, spot $1601 😉
  12. Wonger

    The coming Gold crash

    Im not sure its wise to invest in Gold based upon a Tip price which is based upon a phony CPI especially when the 30 year Bond bubble has popped, but if you insist I would advise you just trade the TIP it makes life so much easier!😉
  13. Wonger

    The coming Gold crash

    It will not lead to massive inflation because the stimulus packages are entirely dwarfed by the deflation of paper assets, a huge percentage of global currency will just vanish into thin air where it came from when debt defaults occur thus decreasing the currency supply which is the definition of deflation, you are out of your league as ive told you on many occasions my friend and that is why when Silver was $19.65 in September and you was boasting on these boards about how much your stack has going up in value I was shorting into the rally because im a professional trader and your an armchair spectator and Silver collapsed to $11.30, so I hope no one bought Silver at those prices after reading your posts!😁
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