Buy gold buy more stocks

I bought some this week - and sold part of it - but would rather wait for monday to buy more. If the debt ceiling issue is not finalised over the week end, market will likely gap down nastily. ES opened -1% and NQ -1.5% over the same issue last sunday
 
Quote from luisHK:

I bought some this week - and sold part of it - but would rather wait for monday to buy more. If the debt ceiling issue is not finalised over the week end, market will likely gap down nastily. ES opened -1% and NQ -1.5% over the same issue last sunday
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Good call -- I have bought more as well given the vote is soon.
 
Some see an H&S.



It's difficult to say if this is gonna play out. I have doubts. The Bush tax cuts will expire in 2013 (aka tax hike), then the Obamacare tax hike soon after.
eek13.gif
 
Quote from Petsamo:

Some see an H&S.



It's difficult to say if this is gonna play out. I have doubts. The Bush tax cuts will expire in 2013 (aka tax hike), then the Obamacare tax hike soon after.
eek13.gif
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Yes, I am turning bearish as well. Good thing my gold went up more than my stocks went down.

:p

I would not sell short at this point -- there will probably be a relief rally.

AAPL is a lot higher now than when I started my thread. So is GLD or GDX. Still, I think it is time to rethink this strategy and take profits.
:)
 
Quote from noddyboy:

Yes, I am turning bearish as well. Good thing my gold went up more than my stocks went down.

:p

I would not sell short at this point -- there will probably be a relief rally.

AAPL is a lot higher now than when I started my thread. So is GLD or GDX. Still, I think it is time to rethink this strategy and take profits.
:)
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sell gold fist, hold on to stocks until the market bounces and get rid of them as well at that point?
 
Quote from shortie:

sell gold fist, hold on to stocks until the market bounces and get rid of them as well at that point?
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Yes, except that I sold all my speculative stocks such as PCLN, and now trade the indices.
 
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