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GOLD - Page 5

post #81 of 133
I do
I'm also short on Gold
post #82 of 133
Gold is looking good here. I like it more on a small pull back but i think its good here as well
post #83 of 133
post #84 of 133
Gold starting to move, up over $7 this morning
post #85 of 133
With the market in general running wild gold is on fire.
post #86 of 133
well the big take over of Alcan surely helped the mining stocks as well....
post #87 of 133
Quote:
Originally Posted by cire2222 View Post
making it's way to that resistance line
post #88 of 133
post #89 of 133
todays data will not show up until later tonight, thats and end of day continuous contract chart
post #90 of 133
i love gold!!! one of my favorite gold stocks is currently Northgate minerals corporation (nxg)
post #91 of 133
Gold up nicely today, with a questionable economy investors may look to gold.
Inidcators looking pretty good. Seems to have found support at the 50 MA. Looking for a dip to the 20 MA before another leg up.

post #92 of 133


apologies for small chart... weekly GLD... supports @ 67, 66, 65.4.. mkt may be aiming for new 2-year high... "diagonal pattern" ..

quite overbought currently so may pullback..
post #93 of 133
the set up was perfect, I was in at the bottom again [GDX] and the chart set up Wednesday was to good to be true wrote put contracts on the sept. 38 strike @ .90 price closed @ .30 one day. ,
I witnessed high volume of put contracts at no r/s levels.
I said if they are buying I'm going to sell them.

i would say most of them already lost the game more than 50% move took them out.
BGO - Blinding glimpse of the obvious
post #94 of 133
Quote:
Originally Posted by chan View Post
the set up was perfect, I was in at the bottom again [GDX] and the chart set up Wednesday was to good to be true wrote put contracts on the sept. 38 strike @ .90 price closed @ .30 one day. ,
I witnessed high volume of put contracts at no r/s levels.
I said if they are buying I'm going to sell them.

i would say most of them already lost the game more than 50% move took them out.
BGO - Blinding glimpse of the obvious

with inflation "off-topic" temporarily, nice for gold too.. wed was good... congrats!
post #95 of 133
Quote:
Originally Posted by Seb View Post
with inflation "off-topic" temporarily, nice for gold too.. wed was good... congrats!
I have been playing with the gold since last oct.
just writing calls against the stock along with a few extras as mentioned.

look at the charts on GOX,XAU and GDX
you can see the pattern - with a little patience you can just hit these up and down.

Coved calls on the ETFs is the way to go right now - conservative
post #96 of 133
Haven't looked at a gold chart in a few weeks.

Tis tis on me. Thanks for brining it back up Seb.

Quote:
Originally Posted by Seb View Post


apologies for small chart... weekly GLD... supports @ 67, 66, 65.4.. mkt may be aiming for new 2-year high... "diagonal pattern" ..

quite overbought currently so may pullback..
post #97 of 133
Gold is up a bit today but up almost 18% for the week. Could be a good play in the upcoming weeks.
post #98 of 133
GOLD was down about 1% in early trading, but is now up 2% as this stock stays hot.
post #99 of 133
I'm waiting for a bounce in the dollar and a pullback on GLD. Looking to hedge myself against a declining dollar.
post #100 of 133
Quote:
Originally Posted by Seb View Post


apologies for small chart... weekly GLD... supports @ 67, 66, 65.4.. mkt may be aiming for new 2-year high... "diagonal pattern" ..

quite overbought currently so may pullback..
Gold hit the 2 year high today... took some profits off the table.. putting tight stops in place [potential "diagonal pattern"]... current support at ard 71 .. moving stops up if new supports are developed abv 71.. GLTA!
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