purchased some GLD

M

mikeenday

Guest
@ 148.66 today.
I might need some hand-holding here to keep this position for long.
is GLD really tracking physiscal future contract tick by tick?
 
Quote from mikeenday:

@ 148.66 today.
I might need some hand-holding here to keep this position for long.
is GLD really tracking physiscal future contract tick by tick?
More...
===============
Mike-GLD Up-Trender;
I don't normally look @ many small time frame charts intraday . Simply prefer the probabilities of medium & longer term trends.

However since the medium & long term GLD, & gold volume month contract are nicely uptrending ; i did study on your shorter trend question.

5 day candlechart, 50 minutes & 55 & 58 & 60 minutes ;
if i had bought @$148.66. I would consider selling on 55, 58 minute charts in the GLD area of $155.55 or $150.50.

Not a prediction, parabolic time price looks like a nice uptrend;
homework helps also .

That was a bit scary to read Waren Buffet, Dave[FOX] Ramsey not liking gold.But IBD charts, other trusted charts & Jim Rogers not selling any commodities , help also.
 
I closed my position today with a profit of $55.
Just don't feel like the way prices move. seems 2nd leg down is coming.


Quote from murray t turtle:

===============
Mike-GLD Up-Trender;
I don't normally look @ many small time frame charts intraday . Simply prefer the probabilities of medium & longer term trends.

However since the medium & long term GLD, & gold volume month contract are nicely uptrending ; i did study on your shorter trend question.

5 day candlechart, 50 minutes & 55 & 58 & 60 minutes ;
if i had bought @$148.66. I would consider selling on 55, 58 minute charts in the GLD area of $155.55 or $150.50.

Not a prediction, parabolic time price looks like a nice uptrend;
homework helps also .

That was a bit scary to read Waren Buffet, Dave[FOX] Ramsey not liking gold.But IBD charts, other trusted charts & Jim Rogers not selling any commodities , help also.
More...
 
Quote from mikeenday:

I closed my position today with a profit of $55.
Just don't feel like the way prices move. seems 2nd leg down is coming.
More...
=========
Mike E;
Nice work. I was going to suggest you think about taking some profits today or tomorrow, never like to lose much profit:cool: I thought silver & SLV was going to spend more time in April above $50.

Silver still looks like it may downtrend lower, reguardless of Greece;
GLD & gold are still uptrending nicely. Not a prediction.
 
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