3 replies to this topic

[Rogerdodger]

You can't see it real clear here but gold popped way above the upper BB today.
That is usually a sign of a powerful move just starting.
The last time it did this after consolidation was March 2006 when it went from $580 to $720.
ADX looks like it could rise for a long time.
P&F daily shows a triple top breakout today.
ABX also made a triple top breakout today.

http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=7&dy=0&i=p69170872357&a=45943207&r=3616.png

Edited by Rogerdodger, 06 September 2007 - 10:21 PM.

[johngeorge]

As per usual good good stuff RD, but, I was looking for this on the gold board. You are one heck of a great trader. Best to you.

[pdx5]

RD, do you know of a good Gold ETF? Thanks.

[Rogerdodger]

You are one heck of a great trader.

LOL! Accidents happen.
Gold is so hard to trade because of the big gaps, like today.
You have to see it ahead of time and take a shot and have stops.

This one sounded an alarm days ago as it spiked above 5:
http://stockcharts.com/c-sc/sc?s=$GOLD:$XAU&p=D&yr=3&mn=0&dy=0&i=p08900599219&a=30245744&r=1259.png

RD, do you know of a good Gold ETF?

As far as etfs, GLD is a etf for gold itself, GDX is one for the miners.

Some stuff Da_Cheif sent me really makes the case that gold and gold stocks will out-do the US markets for some years.
That Chinese giant is just now awakening and they will do to us what the US did to Europe the last few decades. Inflation could get wild.
Anything besides the $USD.

Edited by Rogerdodger, 06 September 2007 - 11:05 PM.