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


To: penthouse mike who wrote (31486)5/1/2012 3:01:40 PM
From: GROUND ZERO™  Respond to of 223241
 
For tomorrow, my gold buy would be a close above 1672.00, and a much stronger buy confirmation with a close above 1672.80... that's the June contract... no, I'm not going to touch silver, it's too thin and too tricky a market for me, it makes me nervous... honestly, I think gold is the play, not silver, although silver would likely do very well also, but it's the first market to collapse at the drop of a single tick in gold, so I don't feel comfortable with silver... I'm long enough gold to make me very happy if/when we get that confirmation and the gold/silver markets rally...

GZ



To: penthouse mike who wrote (31486)5/1/2012 7:44:53 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 223241
 
We never got the buy signal for gold today, so I just dumped it all in the evening session... I would rather wait for a signal than to hold it on hope... it could turn higher overnight, or it could drop another 20 dollar, there's no reason to hold it at this time...

GZ