Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,967.38
(
1.18%
)
US TECH 100
25,150.00
(
0.02%
)
Dow Jones
48,535.99
(
0.66%
)
Brent Oil
93.25
(
-2.33%
)
Bitcoin
74,079.99
(
-0.16%
)
News Focus
News Focus
Post# of 704044
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Public Heel

Send PM Follow Ignore
Followers 6
Posts 2010
Boards Moderated 0
Alias Born 07/07/2002

Public Heel

Re: seminole post# 281254

Sunday, 08/08/2004 8:48:19 PM

Sunday, August 08, 2004 8:48:19 PM

Post# of 704044
Good question. Gold moves inmverse to the $US, but also is somewhat leveraged. For example, when the $US dropped 1.5% on Friday, Gold moved up 1.9%. Usually, the leverage is greater than that.

Let's say that Gold will move 130% the inverse of the $US. For Gold to hit $1000 (+150%), the $US will have to drop 116%.

You laugh? OK, smart guy, what do you think it will take?

Hard work often pays off over time,
but laziness always pays off right now.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today