Who would of ever thought that the "Market Direction Discussion" would be as much about gold as about the Nasdaq<<<
tom, gold has been discussed on this thread since it's inception - along with every other market that trades, even though it's the barbaric metal and this barbaric metal still has some relevancy as a currency as do other commodities, it has it's place in modern market analysis, as does oil, soybeans, pork bellies, yen futures, and csco call and put options.
these are all liquid markets that trade daily.
while the recent triangle i pointed out in gold broke to the downside, if you wanted to make money in the markets on the long side in the last year, there have been few sectors, gold stocks, defense stocks, homebuilders, etc.
The gold sector provides more volitility than the tech sector, for somebody who trades it with a modicum of accuracy and limit losses with stops, can make money.
people as emotional about the barbaric metal as they are about their yahoo stock -g- |
