655 keep buying... This is just like the old times, gold corrects a bit, then rockets up and then keeps going up...
Gold correction has ended
- Thread starter GlobalFinancier
- Start date
Um, actually current price is *right* at the down-sloping trend that caught the swing highs from May and July.
It'll need to actually break out from this downtrend line to change direction.
It's just an observation and I'll be watching what happens with great interest.
It'll need to actually break out from this downtrend line to change direction.
It's just an observation and I'll be watching what happens with great interest.
Hmmm. Yesterday I said that gold was right at the downsloping trendline. Well now it's right on the upsloping trendline at 637.
This big triangle on the daily chart is being tested big time.
This big triangle on the daily chart is being tested big time.
Well, it appears I've made a mistake here, sell 632.50. I'll wait and see... the gold bull market crap seems to have gotten hold in my brain 
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.Well for what its worth I'm selling the last of my 10 oz ingots here in Australia tomorrow. I will use it to buy me some undervalued stock like DELL or MSFT or something.
IMHO Gold is way overvalued and there are great opportunities in other areas.
IMHO Gold is way overvalued and there are great opportunities in other areas.
Are you allowed to give tips on this BB? If you are, a good stock is SAR:AX Tolhurst Noall here in Australia have done some research into this stock, they rate it as a 'speculative buy'
I own some myself.
Generally, I would be underwieght gold and gold stocks.
I own some myself.
Generally, I would be underwieght gold and gold stocks.