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- - Monex sell call - Gold? (http://goldismoney.info/forums/showthread.php?t=105177)

longjohnsilver | 01-29-2007 04:42 PM
Monex sell call - Gold? What does the roundtable make of this - My Monex rep calls today saying that he "recommends" that I sell my position since gold bounced down off the 655 mark. He says that I should sell and wait for a pullback to buy back into silver. First - he never called in late summer when we were all getting hammered down to 560 with such sage advice. Wish he would have. Now - he calls when most think a break out is imminent and seasonal indicators are pointing north. I think there's something else to it. They need people to sell out for some reason. plus.... I think anyone would be foolish to really think your "broker" has your best interest in mind when making buy/sell calls. Comments?

lhslancers | 01-29-2007 04:45 PM
Re: Monex sell call - Gold? You answered your own question. If he didn't reco you buy when Gold and Silver tanked this Summer I would just disregard his call now.

keehah | 01-29-2007 04:46 PM
Re: Monex sell call - Gold? I have had my Scotia Mocatta Broker cold-call three times suggesting a buy or options. Each time I could have made money by doing the opposite.

Curtman | 01-29-2007 04:51 PM
Re: Monex sell call - Gold? Ask him what the hell is he asking you for. HE is loaning your share out already so they can short you out of your profits. Tell em to F off or you will go to a cash account and not permit them to loan your shares anymore. What a prick. What do you even have em for? Do your own trades. :s15: You don't need those people.

Tragedy Trousers | 01-29-2007 06:31 PM
Re: Monex sell call - Gold? Quote:
Originally Posted by longjohnsilver (Post 491077) What does the roundtable make of this - My Monex rep calls today saying that he "recommends" that I sell my position since gold bounced down off the 655 mark. He says that I should sell and wait for a pullback to buy back into silver. Comments?
I think Im going to buy as much silver as I can with a remark like that. :cooler:

Au_Ag | 01-29-2007 06:46 PM
Re: Monex sell call - Gold? Quote:
Originally Posted by longjohnsilver (Post 491077) I think anyone would be foolish to really think your "broker" has your best interest in mind when making buy/sell calls.
Yep Quote:
Originally Posted by keehah (Post 491081) . Each time I could have made money by doing the opposite.
Not surprised Quote:
Originally Posted by Tragedy Trousers (Post 491240) I think Im going to buy as much silver as I can with a remark like that.
Yep. I saw it as good news for gold/silver

ShinyThings | 01-29-2007 07:36 PM
Re: Monex sell call - Gold? Sad thing is that some of his other clients will probably listen to him.:banghead: ST

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