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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Jopps who wrote (26720)11/21/2011 2:46:10 PM
From: GROUND ZERO™  Respond to of 219152
 
I honestly have no clue... my model is short, so I'm short the SP, and I think gold is just following the market... if Europe is in financial trouble, then gold could continue lower to 1600ish, but I just bought more gold abut an hour ago and I wrote deeply deferred deep in the money calls on it, so I think I'll be okay no matter which way gold goes, I still think the gold rally isn't over... the only problem for gold here is that the market took on enough damage over the last week or so that it could take another couple of months to repair...

GZ



To: Jopps who wrote (26720)11/21/2011 2:57:57 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 219152
 
I think gold may have hit bottom here, take a look at silver near the highs on this close up daily chart, it just needs to close near the highs today...



GZ