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Strategies & Market Trends : Zman Market Timing
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To: gold$10k who wrote (1935)2/15/2014 8:23:25 PM
From: The Ox   of 15903
 
We went long gold miners back when the GLD fell below 116. No reason to change our long view until we see some sort of trend change in the price of gold or we get a substantial divergence in how the miners are acting vs. the price of gold.
From: The Ox11/21/2013 3:17:09 PM
To: gold$10k who wrote (1196)Read Replies (1) of 1939
I think there's a very good chance GLD falls below 118 on this current move and likely tests the 116.75 level. I'm not sure I would buy before there, unless the chart shows a clear turn up. I think that's the area where you have the best risk/reward, as you can place a stop below there based on your risk tolerance. Until it reaches that area or we first see a turn, I'd pass on this falling knife.

JM
From: The Ox		11/21/2013 3:17:09 PM
To: gold$10k who wrote (1196)Read Replies (1) of 1939
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