Is the "Gold Rush" over?

not all markets. It's showing a lot of weakness. Sure, it will go back up sometime, but the intermediate-term trend may have changed.


Quote from dgmodel:

its never over... theres money to be made in all market environments...
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check rypmx. trend still intact. looks more like the normal correction right now. If so, we could see a buy signal in about 2 days.
 
I respect your opinion but the failure to make a new high combined with the move below the 50-day SMA with weakening indicators makes me think this may be more of an intermediate-term correction that could last weeks. We shall see.


Quote from hoodooman:

check rypmx. trend still intact. looks more like the normal correction right now. If so, we could see a buy signal in about 2 days.
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I'm not concerned. Did a bit of nibbling just now. Just 500-1500 in each of my gold stocks. Nothing big, like $30k committed. Probably do another round about 3-5% lower if we get there.

Been waiting on a good pullback. Bought some gold futs too at 420-422.

Good luck guys.
 
Quote from formikatrading:

not all markets. It's showing a lot of weakness. Sure, it will go back up sometime, but the intermediate-term trend may have changed.
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yeah im an idiot, i didnt realise what forum i was in... i thought it was "trading" and you were speaking generally about the rise we've had... lol sorry...
 
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