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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (64786)	4/12/2009 11:49:53 AM
From: TheSlowLane	2 Recommendations Read Replies (2) of 78416

tyc - Using a daily chart to determine long-term trends sounds like an excellent way to get taken out of positions prematurely. If that's the goal, then I agree with that approach. In a market as volatile as the PM's, the weekly and monthly charts are necessary to filter out short-term noise. I understand the point that you are trying to make, though. If you wait for a breach of the 200 period moving average on a weekly chart, for example, you will have given up a lot of profits waiting for that signal rather than using a faster indicator. That's why I think it is important to couple fundamental analysis with technical analysis. The problem with reducing positions to hedge as opposed to buying puts, for example, is the psychological difficulty of repurchasing positions. Some people have that, some don't, so depending on your timeframe, risk tolerance and volatility tolerance, each person has to work out what is best for them. It's also possible to have core positions and trading positions with different timeframes and buy/sell indicators for each. tsl

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