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Strategies & Market Trends : Classic TA Workplace
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To: nspolar who wrote (65801)2/9/2003 8:40:41 AM
From: skinowski  Read Replies (1) of 209892
 
NS, my track record with gold is that over the years I‘ve (net) lost money. I really should stay away from the stuff. However – take a look at your chart: what you see is a cranky-looking rising trend, with plenty of overlaps. Even if you right and the advance started much later in the game than I think it did, still it contains overlaps.

At the same time the sentiment is bullish, and people expect great things from gold. IMHO, the picture doesn’t fit well. I am holding some puts on miners and GOX, sort of as "calls" on Saddam's prompt departure. But, like I said, on gold I was more often wrong than right.

Short-term view:

ttrader.com
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