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  1. Newbie
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    #1

    Please explain this sentence... Gold off 6-Year Highs

    "Gold off 6-Year Highs; Longs Bent on Keeping Rally Going"

    From my understanding, the "off" here is like a decreasing value like "turn off" or going to a journey "set off". so, "Gold has the lowest value from 6 years high record"? OR "Gold is going to achieve high value again from the past 6 years"? the highs, mean many high value from the past 6 years, perhaps. The "long"s here is the up trend position in stock market dictionary, so people buy stocks and sell it later for the higher value in the future. and since it is "Longs" does it meant many people are buying (on long position)?
    The "Bent on" is very determined to do something(from dictionary).
    So, "longs bent on keeping rally going" is something good, something like this "People purchases making the price keep going up." thats what i think.
    CMIIW

  2. probus's Avatar
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    Retired English Teacher
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    #2

    Re: Please explain this sentence in a basic english...

    Gold off 6-Year Highs;

    That means that gold has been increasing in price for six years, but has recently dropped a little.

    "Longs Bent on Keeping Rally Going" The longs are people who own gold; that is they have a long position in gold. The headline seems to suggest that they have recently been buying more of it in order to keep the price up. As is very often the case with journalism about markets, this suggestion cannot stand up to scrutiny.

  3. Moderator
    Retired English Teacher
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    #3

    Re: Please explain this sentence... Gold off 6-Year Highs

    Welcome to the forum, berend.

    Always tell us the source of any text you quote, please – in this case, the headline you opened with.

    ***

    Please note that I have changed your thread title.

    Extract from the Posting Guidelines:

    'Thread titles should include all or part of the word/phrase being discussed.'

    ***

    Please don't include text that's going to baffle some/all of us – such as CMIIW.
    Last edited by Rover_KE; 10-Aug-2019 at 07:57.

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