I am short gold
- Thread starter chaykapwr
- Start date
There's always someone on the other side of the trade.
My view would be the senior miners at some point catching up with bullion. IF and when that occurs, then it would be "time" for the juniors.
I put the "IF" in the preceding sentence to show some respect. Happy?
================
Cha-ka;
Sure GLD could take out the 4th of July low, area of 140.77 area.50 day moving average is bearish
Long term, gold, GLD still looks like a good uptrend;
1 year uptrend ,
3 year uptrend looks fine by most measures. Mr JIm Rogers did note in his commodity book[ 2004 i think,] gold tend to bull run in 10 year cycles/uptrend in 10 year cycles........................
Personally when shorting i like a downtrend like BAC, C, especially when Citibank bunch got slapped by japan regulators....
GLD could suppass SLV in %% downtrends;
but not likely, since silver is like the used car industry.
Even if a used car dealer or silver dealer doesnt get the volume,;silver or a used car usually can be bought cheap, give it enough time..................................
====================
Nice educated guess;
GLD may have found support @$150 area/ 50 week moving average / 200day moving abverage.........................................................................
Not a prediction, simply probibilities /probibilities with the long term trend uptrending.
