22 replies to this topic

[SilentOne]

Silent: color me confused : you are now waiting for a new low to get long? or you will go long andthen sell when we approach old highs?

Hi dougie,

I'm looking for a turn in the HUI/XAU late March. It may or not be a higher low than last Friday, but most likely an important low. I will long that for what I expect to be a retest of the highs (ie established in early Feb). Let's see where we are next week. It would be for a swing trade.

cheers,

john

[johngeorge]

Hi dougie,

I'm looking for a turn in the HUI/XAU late March. It may or not be a higher low than last Friday, but most likely an important low. I will long that for what I expect to be a retest of the highs (ie established in early Feb). Let's see where we are next week. It would be for a swing trade.

cheers,

john

Hello john

I like your plan I have not gotten a buy signal on the mutual fund (FSAGX) I use for most of my PM trading. Still looking for a go light. Like you I dont expect to see a new high in any near term upward gold move, but, I would not be a bit surprised to see new highs set in gold later this year.

I bought a natural gas fund (FSNGX) Tuesday and it has been making money. Hopefully I found a bit of a trend there that I can ride.

[senorBS]

Silent: color me confused : you are now waiting for a new low to get long? or you will go long andthen sell when we approach old highs?

Hi dougie,

I'm looking for a turn in the HUI/XAU late March. It may or not be a higher low than last Friday, but most likely an important low. I will long that for what I expect to be a retest of the highs (ie established in early Feb). Let's see where we are next week. It would be for a swing trade.

cheers,

john

Given the corrective wave patterns in everything Senor looks at, and these Rydex levels coming down SO far, Senor thinks the GRANDE risk is being out of the gold and gold stocks.