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Posts by "gtnew"
33 Posts Total by "gtnew":
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Posts by Anonymous "gtnew":
Also GLD gapped up Monday, creating a possible breakaway gap if it remains unfilled. It could also suggest we are in wave 3 of the advance which is often the wave that extends. I would change my tune quickly, though, if that gap is filled.
Here's one man's view Gold and Silver:
http://www.ashraflaidi.com/forex-blogs/1250/
I'm sorry. I don't really follow Silver, only Gold and am still holding long, although a much smaller position now. I looked at the chart and silver trades a different pattern from Gold. It has not yet exceeded its March high. But both trends are still up. I used to try and pick tops in markets. I was just not good at it and always lost money. Worse, I would add to losers. I learned the hard way. I don't like driving the wrong way down a one-way street.
1200? I thought 1122 was it, then we would plunge into a bear market. I'm confused now.
$SPX - 1133 looking more doable now. It's getting pretty late in the year for a stock selloff.