SPDR Gold Trust ETF (GLD) trading plan
1) Weekly chart
2) $160 = Clean break out buy trigger
3) Gold heading below the light blue uptrend ? Very low probability right now
4) Iran, Iran, Iran ....
5) Can the $USD and Gold rise at the same time ? Yes .... so as usual, expect the unexpected.
8 comments:
USD, gold, Dow & oil will all rally together.!!!
Unbeliveable !
Enjoy the coming market big RALLY.
DrBull
I think that even with gold reaching its nadir the last 6 months, its still a great long-term story. I actually purchased some physical Gold right before the holidays. Not sure if I picked the exact right time, but I think Gold will eventually top $3,000/ounce. At the end of the day, gold is a vote of no-confidence in fiat currencies, and there are plenty of reasons to feel this way. Gold will rally BIG time in 2012!
Moise, first of all happy new year to you and your family!
What do you think, how Iran war may effect stock market beside oil going up?
Best regards
Thank you for sharing your insight. I missed the chance to get on the silver board and now afraid of get on since it jumped too much today, over 7%. Do you think it is still find or not too late to buy SLV? Or it's better to wait to pullback? In advance, thank you so much.
Salut Moïse,
Pour moi, c'est ALL IN pour l'or et l'argent! ET je pars en voyage.
Quelle incroyable opportunité que les niveaux actuels des ces 2 métaux précieux
A+
Yvan
Moise,
If Gold went up, and USD would go down and this means the stock market is going to tumbling,right?
But you expect low VIX. How come this could be (Market down/VIX down)? Did I miss something?
Yvan, 100% d'accord :)
If iran does a first stike it could collapse the world's fragile banking scam.
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