Went up higher than they smacked it back. Can't gold get any respect? I'd sure like to know who keeps doing this.
They keep beating it down again.
Started by
nimblebear
, Apr 17 2007 01:52 PM
4 replies to this topic
#1
nimblebear
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Welcome to the Dark Side !
Posted 17 April 2007 - 01:52 PM
OTIS.
#2
fib_1618
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Posted 17 April 2007 - 02:04 PM
Just another example how gold and the US dollar don't necessarily trade in an inverse relationship.
As far as gold is concerned...patience.
Fib
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#3
Tor
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Posted 17 April 2007 - 02:50 PM
gold looks to me like its going down to 600, to complete the correction and set up a move up.
I am long some but have taken profits on quite a few gold stocks.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#4
ed rader
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Posted 17 April 2007 - 03:38 PM
gold looks to me like its going down to 600, to complete the correction and set up a move up.
I am long some but have taken profits on quite a few gold stocks.
i went flat today too.
ed rader
Went up higher than they smacked it back. Can't gold get any respect? I'd sure like to know who keeps doing this.
coulda been "sell the news". i don't think the cratering dollar is taking anyone by surprise
.ed rader
#5
TechSkeptic
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Posted 17 April 2007 - 03:54 PM
Although I'm not exactly a great short-term trader, I've found gold and gold stocks especially difficult to time. The only strategy that has ever worked for me in this sector is to keep a long-term core position in GLD and gold stock mutual funds as a *small* percentage of my overall portfolio.
