Posted by frtaylor on 26th of Jul 2012 at 12:32 pm
I pm'd you the comment below, but thought it might be nice for
other members to hear anything you might have to say.
I have no position
in gold right now. As you know, I can't buy the physical
because I don't have that kind of money, so it'll have to be GLD.
GLD is above the upper
trend line, at least so far, today. Assuming it holds, what
do you think about this break, especially given we're still in the
middle of summer? Maybe a small position, like a 1/4 size?
At some point I'd like to have 10% of my IRA in GLD.
Any words of wisdom?
Posted by frtaylor on 26th of Jul 2012 at 01:47 pm
Also, what do you use to get the COT net short EOW figure?
I found this site, which provides EOW COT long and short (I
suppose you just subtract the former from the latter to get net
short):
Matt, thoughts on gold's breakout?
Posted by frtaylor on 26th of Jul 2012 at 12:32 pm
I pm'd you the comment below, but thought it might be nice for other members to hear anything you might have to say.
I have no position in gold right now. As you know, I can't buy the physical because I don't have that kind of money, so it'll have to be GLD.
GLD is above the upper trend line, at least so far, today. Assuming it holds, what do you think about this break, especially given we're still in the middle of summer? Maybe a small position, like a 1/4 size? At some point I'd like to have 10% of my IRA in GLD. Any words of wisdom?
Also, what do you use
Posted by frtaylor on 26th of Jul 2012 at 01:47 pm
Also, what do you use to get the COT net short EOW figure? I found this site, which provides EOW COT long and short (I suppose you just subtract the former from the latter to get net short):
http://www.321gold.com/cot_gold.html
Yes simple math. You answered
Posted by rbreese on 26th of Jul 2012 at 02:44 pm
Yes simple math. You answered your own question.