7 replies to this topic

[goldswinger]

This part of the board is depressed....... come on I'll lead the charge.... It is just a bounce coming though. But I am looking for HGU to go to 14.40. GS.

[NewportTrader]

I am long GLD I think we will see a run To 120 soon. With you here thinking that may have been a possible bottom.

[goldswinger]

I am long GLD I think we will see a run To 120 soon. With you here thinking that may have been a possible bottom.

I am long the miners now but not for long....... I still think it is a bounce. I'll let in my indicators guide me.....

GS.

[dougie]

a bounce yes, before another mauling. nothing goes straight down

[johngeorge]

a bounce yes, before another mauling. nothing goes straight down

dougie

I too think we see more downside to gold, perhaps 1040 or a bit lower. Will be back up the truck event if that pullback takes place. Meanwhile I keep adding monthly to my TGLDX.

Best to you.

[NewportTrader]

Technically yes a large pullback is 100% possible but fundamentally and all the war talk with Iran in the past few weeks. I would imagine it could reverse quickly. Just an observation and i am by no means a gold bug and dont hold a very large position. But we will see what happens. Anything is really possible here.

[senorBS]

a bounce yes, before another mauling. nothing goes straight down

maybe cinco down finishing?

Senor

[goldswinger]

a bounce yes, before another mauling. nothing goes straight down

maybe cinco down finishing?

Senor

That's exactly why I entered the trade Senor, but I see that as 5 of 3 down. Two things could happen,

a) If GOLD is going to retest its highs (not likely on this timeframe), miners will move higher and this cinco down marks the end of the HUI correction.

we do a wave 4 as gold will a little later as well and then we move lower again....if so I only see a 5% up move , or 10% for leveraged etf's.

GS.