Gold Futures and ETFs - GLD, DGL, GDX, IAU - Page 45

i really want to get into GLD, but since im gonna buy a couple thousand worth and hold for a swing, id rather it be between 150 (preferably) - but maybe as high as 155.

just not sure if its going back to that level...............

calls?

GDX weeklies (p's) were baggers today

i dont understand why global uncertainity is making gold a loser !!

any one buying GLD or Gold at these levels....? or waiting for a further decline....?

i sold my calls...

 

 

the dummy me didnt take profit..now i take the loss

 

give it another 2 weeks i think for any idea

I flipped some GLD May 151 calls early this afternoon. I don't like holding on long when I don't get a really quick move in the right direction. Might not have held longer than needed anyway due to concerns over gold futures testing 1525 in coming week or two. Add to that the uncertainty over $20 overnight moves, and I couldn't sleep with GLD options in my bed. Right now strictly intraday cash flow. Monitoring gold futures for desirable long entries. Not sure what to play yet, in or out of money, time frame, etc. Metals seem trickier than usual right now, and that's saying a lot.

NUGT/DUST might also be good day trading tools, those are the miner 3X long/short ETFs, so you won't get quite the minute to minute volatility you get when gold runs the big stops.

i wonder what paulson is doing with his randgold

i was very tempted to buy GLD today, but held out..... 

by the chart it looks like it could go lower, but ive thought that before at these levels and it spiked. hope i made the right choice. 

USD keeps being #1

That flush in futures to 1526 yesterday was pretty good, might mark the bottom, but it didn't quite feel good enough for me to get involved. But... here's a good chart/analysis from Greg Harmon, worth a look:

http://dragonflycap.com/2012/05/17/a-buy-signal-in-gold/

i really want to get into GLD, but im a bit nervous with the (USD) dollar rising from the euro falling, and it seems to be hitting gold and oil pretty hard.

 

BUT i also have been telling my self if GLD goes under 150 im gonna start a position.... really debating it right now, but thinking maybe watch since it might go lower with the problems in europe........  a lot of stocks have become cheap. 

get in gld

 

and get miners puts

It's up to you, if your time frame for holding is measured in quarters to a year or longer, there is no harm getting in here. But short term you might be chasing it getting long over 1560 on gold futures. You might let it deflate this morning ramp a bit more to see where it settles out, if that 1526 futures low is good, it should stabilize over 1540 IMO. I disagree with the miners puts concept. I would avoid them altogether until it is clear broad markets have bottomed, or consider shorting from higher prices but to me the delevering in miners is too far developed to get short right now. JMO.

Interesting analogue chart here from Market Anthropologist Eric Swarts...

hmmm that makes sense. and im not ready to jump in for minners yet, id me more comfortable picking up a few thousand $ in  GLD shares (since i dont do options right now).  

 

i decided to keep watching anywayl. once i buy im mid/semi long, unless a stock gets a good pop i'll let it sit, otherwise its investment money (unless somethings come up and i decide to sell and use it) 

GLD is below $150 again...... almost 149. 

anyone else buying here? im putting in limit order at 149 to start my position

I think it will fall some more, but 149 is no a bad entry point. Go long baby!

yeah its not a day trade, but not mega long either. well see how it goes, if it drops below 145 i will double my position, if it runs up over 180 again ill prob sell my position. if it hangs around between for a while it will sit til i need the money.