waiting
#1
Posted 22 January 2007 - 10:29 AM
#2
Posted 22 January 2007 - 10:40 AM
#3
Posted 22 January 2007 - 11:57 AM
I want to add to my gold shares but right now the 60 minute chart looks to be peaking, would prefer to buy on a trough. Daily looks ok to buy.
Looking to buy DBS today, but so far, no one seems to think I am bidding enough.
GSG showing buy on dailies. Almost there on the monthly.
johngeorge
#4
Posted 22 January 2007 - 12:43 PM
#5
Posted 22 January 2007 - 01:10 PM
It's probably smart to wait, but my plan is buy a little bit each day on the belief that we are at or near a low for the sector and that it's impossible to pick the exact day.
I'm about 25% into my trading plan on this so far.
Lack of patience is me so I am done buying precious metals and PM stocks for this run. Am now looking with interest at Canroys and basic commodities. I now own CNE and DBC. DBA looks to me like it could be a buy in here as it appears to have found some suppost ~ @ 25.70 - 25.80
Best to you.
johngeorge
#6
Posted 22 January 2007 - 01:32 PM
#7
Posted 22 January 2007 - 01:35 PM
#8
Posted 22 January 2007 - 06:20 PM
#9
Posted 22 January 2007 - 06:55 PM
Be Sure to Perform Your Own Due Diligence
#10
Posted 23 January 2007 - 10:51 AM
You may be right; but it's going to happen soon. This Friday will be a major currency reversal day, so I expect weakness in the USD. Mike
I dumped my metal positions (SLV, GLD) this morning. I'm not comfortable holding here as we enter resistance levels for gold and silver.
cheers,
john
Edited by SilentOne, 23 January 2007 - 10:52 AM.