GG
- Thread starter ZZZzzzzzzz
- Start date
I see Gold as a difficult commodity to trade from a position trader's perspective.
Too many times in the last 25 years it has done whatever it wanted. TA and fundamentals out the window.
I am seeing ads for gold investments in TV frequently, which coincide with markets tops in the commodity advertised in most occasions.
Being long now GC is crazy imo.
Too many times in the last 25 years it has done whatever it wanted. TA and fundamentals out the window.
I am seeing ads for gold investments in TV frequently, which coincide with markets tops in the commodity advertised in most occasions.
Being long now GC is crazy imo.
THX
I might have already found something of my liking:
http://finance.yahoo.com/q/bc?s=ASA&quicken=2
Noted that those funds move in a similar manner; they all had a significant run over the past three months are you not worried?
I wouldn't say "worried."
Concerned about giving back profits, yes.
That's why I hold a long term position in a fund, and trade in and out of the individual stocks.
Concerned about giving back profits, yes.
That's why I hold a long term position in a fund, and trade in and out of the individual stocks.
Of course you are not worried, you are sitting on a nice bunch of dinaro already with that trade.
I couldn't help noticing that this run has just started after months of decline that bottomed at the beginning of May.
Looking at the charts theoretically the run should carry on...there's nothing at present that make me think a reversal could take place: maybe a correction or a retracement but not a sudden decline.
At least that's my view.
