Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (45661)	7/13/2013 8:15:07 PM
From: GROUND ZERO™	2 Recommendations Recommended By Ms. Baby Boomer Wade Read Replies (1) of 48092

My model has been short gold since April 1st at 1601.80... I finally had a confirmed buy signal this past week and I went long at 1261.20... I think gold did bottom, but time will tell... I have a high respect for Dan's general weekly comments, but I do have a problem with the DMI... Crossovers may seem like an obvious signal to go long/short, but many short-term traders will wait for other indicators to confirm the entry or exit signals to increase their chances of making a profitable trade. Crossovers of the DMI lines are often unreliable because they frequently give false signals when volatility is low and late signals when volatility is high. investopedia.com GZ

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