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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 (32108)	5/14/2012 7:08:22 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218848

Good Morning Mike, Excellent question, but no, I plan to wait for a buy signal, especially while stocks are still in a down trend and with the dollar moving higher... of course, all that would typically happen when gold would hit a VP, but in any case, a VP is not a buy signal, it's only where the market has been extremely over sold... so, we could bounce from here but still move lower again... I think it's wisest to wait for a legitimate buy signal before I buy gold again... until then, I'll just let gold do it's thing and plan my entry on the signal... GZ