Buy gold buy more stocks

Quote from tradingjournals:

Hey Noddy: Nice trading there! I am following GLD (not the stocks index). Could today's gap turn to an exhaustion gap?
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This was the exhaustion gap from 1980.
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but isn't it related to Silver squeeze by Hunt brothers? unless you are good at forecasting white swans like that you should not really expect the same action this time around.
 
Quote from shortie:

but isn't it related to Silver squeeze by Hunt brothers? unless you are good at forecasting white swans like that you should not really expect the same action this time around.
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True, I shouldn't expect the same action...I didn't look at gaps until I was posed the question.
 
GDXJ up another 1.6%.

Gold screams shortage -- just read in the local newspaper of jewelers asking you to cash in your gold. This is a shortage not a bubble.

It is a bubble when people start putting their live savings in gold and hide it in a vault. Or when China sells treasuries and buys gold.

Historical backtests showing that gold under performs does not scream bubble either. The dot coms were the king of the hill before the crash. The returns of gold has not been that great.

This does not mean gold will not correct or that it will become a bubble, but as long as there is shortage, there is opportunity to the upside.
 
Hi Noddyboy: thanks for sharing! If there is a retreat, how would you detect whether it is just a retreat or a serious down leg?

Those newspaper/etc articles and ads are not a good sign for the bull thesis, but I see your point.
 
Quote from noddyboy:

GDXJ up another 1.6%.

Gold screams shortage -- just read in the local newspaper of jewelers asking you to cash in your gold. This is a shortage not a bubble.

It is a bubble when people start putting their live savings in gold and hide it in a vault. Or when China sells treasuries and buys gold.

Historical backtests showing that gold under performs does not scream bubble either. The dot coms were the king of the hill before the crash. The returns of gold has not been that great.

This does not mean gold will not correct or that it will become a bubble, but as long as there is shortage, there is opportunity to the upside.
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Mr.Buddyboy;
As long as there are nations like Greece, US, PIGS ,, politicians, paper money;
gold may shine-not a prediction:D I like the US dollar,its liquid, poplar, its how i price most all i look @.

Parabolic Time Price is good to id a very old trend about to end;
Parabolic Time Price still saying buy gold. For educational purposes only , not a prediction or advestment advice.:cool:

To trade/ buy anything,prep& plan may help;
otherwise one is just a herd of greecy PIGS out of control.:D
 
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