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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST

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To: TobagoJack who wrote (6648)5/23/2006 12:22:21 AM
From: Taikun  Read Replies (2) of 217860
 
<buy the bottom for bounce or short the interim top after bounce>

You could try both.

Folks like these guys make it easier:

hbpfunds.com

In general, I think it is slightly safer to short the tops, since the predominant move is down and therefore any mistakes in timing will be remedied by time. Buying the bottoms and selling, OTOH, is all about impeccable timing.

BTW, Faber says gold will do well LT, and I agree, but aside from a little relief rally perhaps I don't see how we have a repeat of the strong move Dec-Apr anytime soon.
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