SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (29732)3/12/2012 11:45:27 AM
From: GROUND ZERO™  Respond to of 224024
 
Good question... honestly, I have no clue... gold did hit the major downside VP of 1664.00 and then rallied, but the rally appears to have fizzled for the moment... if gold goes back to that VP, then I think we could see another leg lower, but I have absolutely no clue where it could go, if at all... clearly, the U.S. Dollar has firmed up significantly in recent weeks and that seems to have put a damper on the precious metals, at least for now... so, for now I'm short silver and long the dollar and will keep a smart trailing stop on both...

GZ



To: NOW who wrote (29732)3/12/2012 3:44:12 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 224024
 
I just plugged April gold into my SP model... if we take out those recent lows, then the next lower VP for April gold would be 1637.50... of course, if I had to buy either gold or silver, I would definitely buy the gold, although I'm not buying either one right now, silver looks like the sick sister of the two, I'm short silver and I think it looks like it could still move lower from here...IMHO

GZ


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News