I like GLD at this level

I find that there is almost no value in reading the financial press "forecasts". Maybe as a contrarian indicator as I've mentioned in other threads (i.e. when the "titan's" tell everyone they are "bullish" this or "bearish" that, it's usually a fade, as they are seeking to herd the lemmings to react emotionally).
 
W.J. Feathermaker III said:
I find that there is almost no value in reading the financial press "forecasts". Maybe as a contrarian indicator as I've mentioned in other threads (i.e. when the "titan's" tell everyone they are "bullish" this or "bearish" that, it's usually a fade, as they are seeking to herd the lemmings to react emotionally).
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I would agree that it is unwise to follow the financial media but using them as a contrarian indicator can be bad. They've been touting aapl, amzn, etc and have done a good job in pushing those stocks up.
 
Money Trust said:
Gold is now in another bearish position, especially after last session's close. It bounced off of an overhead resistance area, closed near the low and did so with great ease of movement. Good time to get short.
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I have seen today, but still no trade for me because still disappointed with my previous loss that several time occured,
I hope you will get profit from this movement
 
Bitcoin just hit its high. It shows people are moving (not flying) to safety. Safer than common currencies which is bullish for gold.
 
most shorts wont cover till the 200 day MA is tested.
 

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%1 pop today confirmed. Up 5 days in row. I expect it to close 112.5 by Friday.
I am long AMZN, WMT, SBUX, and GLD and short ADI and CAT.
 
Big player tossing it around (futures).. almost like a agenda to run stops above. Futures over a multi year period test the 200 day multiple times during a bull or bear run. Almost enough to shake off most long term position players.
 
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