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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: jennifersilversun who wrote (64478)10/28/2006 11:39:17 PM
From: Taikun  Respond to of 312481
 
Jennifersilversun

Chart 0.51 and the MACD would say buying sooner is preferred over buying later
stockcharts.com

though GLD is above the three trendlines, and there is an argument for it falling to the lower trendline, just as there is an argument for a steeper channel

If it weren't for the Doji on the daily at 8^% Stochs:
stockcharts.com

I'd say buy now.

BWDIK

D



To: jennifersilversun who wrote (64478)10/28/2006 11:43:14 PM
From: Chuckles_Bee  Read Replies (1) | Respond to of 312481
 
The original Taikun post was on 8/21/06 and said those indicators said "BUY GOLD" 3 times.....and the next 6 days was down (using GLD as ref).

Besides, never buy gold....buy silver.
If you are a low/high trader....same pattern...more volatility.
If you are longer term...silver will also offer much better returns than gold (10X vs 3X (rough average pundit guess)).

Compare AUY to SLW from 10/4 (recent low) to 10/26 (recent high).
AUY ...roughly 8.20 to 9.70....so +1.50
SLW ...roughly 8.50 to 10.60...so +2.10
...or use GLD vs SLV if you prefer.

silverinstitute.org

- Did you know you can buy a washing machine that uses silver ions? NO detergent or bleach required.
- Coated in refrigerator interiors, nano-sized silver ions keep food fresh 15 days longer than average and prevent the onset of malodor from affecting food taste.
- You can even buy socks with silver that prevent foot odor, prevent Athlete's Foot, itching, chilblains and heel cracks.

Regards,
CB.