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SPDR Gold Shares Message Board

  • dollardominance dollardominance Feb 16, 2014 6:58 PM Flag

    There was a Dead cat bounce after the 1980 Gold crash too

    No different this time. Textbook Dead cat

    Sentiment: Strong Sell

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    • The "textbook dead cat bounce" (your words) in 1980 was a 50% move from round $480 to $720 and your strategy is to leave it on the table?? With all due respect that is idiotic. If you are correct and history is repeating itself then the gold bottom will be around $800, but only after it does a "dead cat bounce" to the $1600 level. The logical bet, based on history repeating, would be to short gold around $1500 - $1600, near the top of the bounce, not at the bottom where the bounce starts. You seem confused with your strategy. GLTU!

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