Wednesday, February 6, 2008

Alert: IAU GLD

I can't tell if gold is going to re bound or sell off some more. The stochastic is under 20 and just turning up. Take no chances

Buy 100 shares GLD @ 88.93

2 comments:

Anonymous said...

what do u think about UNG? its setting up the bullish W formation.
i'm no expert but it may be worth a look. natural gas and oil are not going to be in the same basket in regards to performance in an economic calamity

StockMarket -Implode said...

You are right about the W formation. The first bottom in August and the second in January, both in the 32-34 zone. No one has a crystal ball, but this is what I would do. Put Up your 50 day moving average. Buy a small number of shares, and PUT YOUR STOP @ the 50 dma. I will actually post this one.