MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Amelia Carhartt who wrote (17987)	6/20/1999 9:44:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

MSB, re: XAU, it is possible that the chart formation on the XAU is a bearish flag. if it breaks to the downside below it's most recent lows i would expect it to at least revisit it's lows in the high 40's. there is however an interesting divergence between the XAU and the price of gold, with the latter collapsing to new lows and the former holding up relatively well. perhaps this is a sign that gold will soon turn around; in any case i am long a few gold shares because of this divergence. i hold them in the longer term orientated part of my portfolio as a hedge against financial accidents and because they got so cheap i couldn't resist. if the XAU starts to follow the price of gold i will either hedge them or sell and wait for even cheaper prices to get back in. regards, hb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next