Great trade Cohodk. Didn't know if you were still holding on or not. Nice to see that you did.
In repeating this trade do you mean a repeat of the 116 to 129......or just buying GLD back on some future deep dip (ie a higher low)? Your original target of $1200 worked out exceptionally well from back in December.
I sold because gold hit the downward sloping 50dma. I do think gold has a pretty decent chance to revisit 1200. I'll look to buy GLD again in the high teens, but will closely monitor current price action and momentum. The next trade probably will result in a gain less than just achieved.
I sold because gold hit the downward sloping 50dma. I do think gold has a pretty decent chance to revisit 1200. I'll look to buy GLD again in the high teens, but will closely monitor current price action and momentum. The next trade probably will result in a gain less than just achieved. >>
Good luck on the next. The sentiment on the gold bull blog I subscribe to is that gold is ready to fly to $1350-$1400 by next week. Bulls outnumber bears by about 10-1 I'd say. It was just the opposite a month ago. Most assume that the gap ups in GDX and GLD over the past 2 weeks will never fill again. We'll see. I sort of feel those choppy gaps from the last 2 weeks have a good chance of filling.
My gut has me firmly convinced that sub $20 dollar silver is a steal. Not putting any money in Gold right now as I believe silver will be the better performer right now. Take care. jws
Comments
<< <i>
<< <i>Bought GLD at 116.07 >>
Sold at 129.49.
Will repeat this trade in future. >>
Great trade Cohodk. Didn't know if you were still holding on or not. Nice to see that you did.
In repeating this trade do you mean a repeat of the 116 to 129......or just buying GLD back on some future deep dip (ie a higher low)?
Your original target of $1200 worked out exceptionally well from back in December.
I sold because gold hit the downward sloping 50dma. I do think gold has a pretty decent chance to revisit 1200. I'll look to buy GLD again in the high teens, but will closely monitor current price action and momentum. The next trade probably will result in a gain less than just achieved.
Knowledge is the enemy of fear
It seems that way. Gotta keep on stackin.
I knew it would happen.
<< <i>Thanks roadrunner.
I sold because gold hit the downward sloping 50dma. I do think gold has a pretty decent chance to revisit 1200. I'll look to buy GLD again in the high teens, but will closely monitor current price action and momentum. The next trade probably will result in a gain less than just achieved. >>
Good luck on the next. The sentiment on the gold bull blog I subscribe to is that gold is ready to fly to $1350-$1400 by next week. Bulls outnumber bears by about 10-1 I'd say. It was
just the opposite a month ago. Most assume that the gap ups in GDX and GLD over the past 2 weeks will never fill again. We'll see. I sort of feel those choppy gaps from the last 2
weeks have a good chance of filling.
One year update....Gold 1316, up 6.5%. Silver 20.91, up 11%. Two weeks ago they were only up 3% and 4% respectively, so not a bad prognostication.
Knowledge is the enemy of fear
<< <i>Prices may still be near here a year from now
One year update....Gold 1316, up 6.5%. Silver 20.91, up 11%. Two weeks ago they were only up 3% and 4% respectively, so not a bad prognostication.
Not to shabby, but the DJIA gained 12.16% during the same time frame.
Knowledge is the enemy of fear
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