Gold is going to shoot up.
- Thread starter jokepie
- Start date
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Its time to get back in Gold.
Nice long term uptrend-GLD, gold;
nice medium term uptrend.
But for short term profitable long entry;
i suggested a short term GLD trader think about getting out yesterday or today.
Not a prediction;not INVESTMENT ADVICE.Gold & silver have nice very long uptrends/value;
more than 4,000 year uptrend . Also slightly bearish in short term;
all the gold silver dealers want US dollars, in exchange for gold or silver.
Not a prediction.Nor is someone nicknamed ''turtle'' the best qualified to make short term trend commentsQuote from murray t turtle:
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Nice long term uptrend-GLD, gold;
nice medium term uptrend.
But for short term profitable long entry;
i suggested a short term GLD trader think about getting out yesterday or today.
Gold & silver have nice very long uptrends/value;
more than 4,000 year uptrend . Also slightly bearish in short term;
all the gold silver dealers want US dollars, in exchange for gold or silver.
I am all for scalling in on weaknesses..its time... hehe
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I told a gentleman in a pawn shop one time ;
had a phone i got from Time Life Inc, it said ''Time'' on it. As i left that business ,[ plenty of gold & silver jewelry]he said''Take your time, take your time.................
Also funny but true;
daily GLD ,parabolic time price just gave a buy signal close today. But frankly i ignore that indicator more than i use it.Great indicator, but like Don Bright Trading Co said, dont put much faith in indicators.
Quote from murray t turtle:
================
I told a gentleman in a pawn shop one time ;
had a phone i got from Time Life Inc, it said ''Time'' on it. As i left that business ,[ plenty of gold & silver jewelry]he said''Take your time, take your time.................
Also funny but true;
daily GLD ,parabolic time price just gave a buy signal close today. But frankly i ignore that indicator more than i use it.Great indicator, but like Don Bright Trading Co said, dont put much faith in indicators.
I hear you. Not a prediction - they are all worth 5 bucks at a Palm readers desk.
I like the price action and that all I care ...if we can make and hold new highs it will be raining. SO just pacing it in now.
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Never seen any upternd without a correction
Or Downtrend,Interesting news;
may help the long term uptrend, may not. Argentina inflation rate 25%, gov threating data providers.[Seeking alpha]