3 replies to this topic

[da_cheif]

aprils monthly close was the highest in over a quarter century.....and nobody seems to be excited over that.......

[dougie]

i am

[blackprince]

Me too. Also I am quite happy that there still are plenty of opps in the miners as most are quite depressed.

[Sentient Being]

Looking at the GLD chart, the daily is down near long term daily support-trend line....the bottom of the channel. Monthly Oscillators that have moved to overbought and may be rolling over concern me. But the daily chart tells me to consider a buy now or wait possibly a long time until monthly charts are oversold. I've got a buy stop in above yesterdays GLD high. I doubt it will hit today no matter which way gold goes. But if GLD digs a little closer to that lower support line or moves up but not above yesterdays high, I'll inch that buy stop down a little lower tomorrow. The only thing I can see that might cause me to cancel the buy-stop is if GLD blows out the bottom of the channel. Then I might be temped to think that the gold direction is changing and I do need to wait for oversold monthly indicators.