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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 395.44+0.6%Dec 12 4:00 PM EST

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To: SwampDogg who wrote (9905)11/15/2007 7:20:29 PM
From: jimsioi  Read Replies (2) of 29622
 
Swampy, "Golds look like they are putting in a low right here..."

That may well turn out to be the correct observation. Gold is up in early Asian trade with markets there still falling...

I've put a "BUY" notation reminder to myself on GLD around 75.30 (ABC swing move target and 50 day ema)...The gap at 76 might be the number at which to start adding, however...
stockcharts.com

Be interesting which way the option expiration takes things, and that for gold futures..

Getting increasingly defensive as prices fall...Somewhere between now and Christmas, probably by the first week of December I'll have to reposition...for the anticipated new year action.

25% cash, 25% GLD, 8% PM miners, 18% base and uranium...
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