I want to buy some gold but I don't like to buy when things are going up

1a2b3cppp · Apr 25, 2013

UGLD specifically.

TILT2 · Apr 25, 2013

Then don't buy it.

ntt · Apr 25, 2013

The more uncomfortable something makes you, the better the trade.

Swan Noir · Apr 25, 2013

I'm going to guess you don't like to buy things that are going down eith or else you would have established your position last week. I'm not being critical. I can understand that you might want to see how this rally pans out but you must have some method you use to establish a position.

1a2b3cppp · Apr 25, 2013

Quote from Swan Noir:

I'm going to guess you don't like to buy things that are going down eith or else you would have established your position last week. I'm not being critical. I can understand that you might want to see how this rally pans out but you must have some method you use to establish a position.

I bought USLV last week. I didn't buy gold.

If you follow my journal threads you know I pretty much only buy when stuff is going down.

stevegee58 · Apr 25, 2013

You could buy inverse gold. That's going down.

1a2b3cppp · Apr 25, 2013

Or maybe UGL instead of UGLD

UGLD is cheaper though.

1a2b3cppp · Apr 25, 2013

Quote from stevegee58:

You could buy inverse gold. That's going down.

I don't just buy anything that's going down

QuantWizard · Apr 25, 2013

Quote from 1a2b3cppp:

Or maybe UGL instead of UGLD

UGLD is cheaper though.

Unless you know whether a mean-reversing or trend following strategy works better with your investment horizon, you shouldn't do anything!

1a2b3cppp · Apr 26, 2013

I might get my chance to buy some gold.