Yeah yeah yeah. Fed bashing is everyone's fave sport, I know. Just tell me when you exit and if it was at a profit, as I'll be doing.
GLD up or down in 2014
- Thread starter billyjoerob
- Start date
Yeah yeah yeah. Fed bashing is everyone's fave sport, I know. Just tell me when you exit and if it was at a profit, as I'll be doing.
I can do that.
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Good points Rich Rimes.
Most of GLD, gold trends are up. most time frames;
some shorts may want to get short. Thats fine, short s help fuel the rally, as Art Cashin so wisely worded it, on CNBC one day
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Wish I had the account size and balls to actually have traded it! Just a tad too volatile and margin hog for trading. (the Future options)
Sunday afternoon doodling: GDX and GLD P&F charts. I do mine w/2% boxes. Other than that, same as the default.
As expected, GDX shows a breakout, while GLD has yet to show a breakout higher. Miners leading the metal, which is what's supposed to happen.
Expecting some sort of pullback soon, as GDX has been going straight up, pretty much, since the start of the year. Then it'll ramp into EOQ as window-dressing takes hold, I'm sure.
As expected, GDX shows a breakout, while GLD has yet to show a breakout higher. Miners leading the metal, which is what's supposed to happen.
Expecting some sort of pullback soon, as GDX has been going straight up, pretty much, since the start of the year. Then it'll ramp into EOQ as window-dressing takes hold, I'm sure.
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We have hit the first level of resistance as mentioned a few weeks ago. Waiting to see how we react here the rest of today and tomorrow.
60 minute chart of price action since last weeks bounce off resistance. Last weeks resistance now acting as support. If it holds 1366 area is next level of resistance as I see it.
To say Gold is only a play on fear I believe is to ignore the centuries...... literally thousands of years where gold has been both currency and vanity therefore in my mind there is a definite base where gold retains value. IOW unlike certain currancy ...uhm bitcoin anyone 
gold will never go to zero. Calculating that base thus "value" is everything.
gold will never go to zero. Calculating that base thus "value" is everything.To say Gold is only a play on fear I believe is to ignore the centuries...... literally thousands of years where gold has been both currency and vanity therefore in my mind there is a definite base where gold retains value. IOW unlike certain currancy ...uhm bitcoin anyone
Gold may not go to $0, but it will surely go to $700.
Curious to know how you reach 700? When gold was lower you were saying 1000 . The q on the thread is 2014 so you believe gold will trade 30% lower than your low prediction of 1000 in 2014 . GL with that.
It was trading at 700 as the stock market started to collapse. It will surely get to this level with consistently strong economic data.
1000 by year end
700 by 2016