Posted by hamvestor on 24th of Aug 2011 at 01:26 pm
I'm expecting gold to correct to the 50 dma over the next few
weeks. My plan is to pick up some DGP at that point, with a tight
stop in case gold decides to head for the 200 dma (unlikely, I
think, but possible).
I'm expecting gold to correct
Gold Stocks Comments
Posted by hamvestor on 24th of Aug 2011 at 01:26 pm
I'm expecting gold to correct to the 50 dma over the next few weeks. My plan is to pick up some DGP at that point, with a tight stop in case gold decides to head for the 200 dma (unlikely, I think, but possible).
covered GLD short
Posted by dallassteve on 24th of Aug 2011 at 01:52 pm
Thanks to all for the posts and charts on gold. I was planning to hold longer, but the move down today was so sharp, I covered at 171.
I'll be looking for a bounce to re-enter short.
Nice gain, offsets the loss in GDX. Lets see how this plays out.
I also covered at 171,
Posted by frtaylor on 24th of Aug 2011 at 02:15 pm
I also covered at 171, and am holding my GDX.
I wouldn't short gold at
Posted by rayalexander123 on 24th of Aug 2011 at 01:55 pm
I wouldn't short gold at all here. GDX is starting to outperforming GLD, which could be a bullish sign for the entire gold complex.