Gold & Silver Setting up for an Attractive New Entry Point

[adiefendal]

Gold & Silver Setting up for an Attractive New Entry Point,An opportunity is now being created in precious metals if the current correction continues. Most precious metals have been falling in price, as financial markets continue to reassess the expectations for economic growth. With lower expectations for global economic growth, the demand outlook for raw materials and spot prices are also going down.

 

[jokepie]

Gold can be played here...small test trade entry

 

[ogarbitrage]

Quote from jokepie:

Gold can be played here...small test trade entry

You mean to tell me prices could go up OR down?!

 

[dumb_mother]

is that a straddle you are recommending?

 

[jokepie]

Quote from ogarbitrage:

You mean to tell me prices could go up OR down?!

I am biased towards long, however my startegy is to build the position as it validates it self. knowing possible downside risk is also key.

 

[jokepie]

Quote from dumb_mother:

is that a straddle you are recommending?

you could do that - absolutely.

 

[murray t turtle]

[GLD, gold trend ]Quote from jokepie:

I am biased towards long, however my startegy is to build the position as it validates it self. knowing possible downside risk is also key.

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I agree with that trend comment on gold, GLD.
SLV, silver while still in a 1 year uptrend ;
so many other SLV, silver trends are downtrends,still looks bearish, except for the longest of uptrend investors.