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

To: DD™ who wrote (50457)	5/20/2013 8:21:47 AM
From: Seismo	1 Recommendation Respond to of 220490

If I were going to invest in the gold market at this time I would invest in the miners. Gold is currently trading at a significant historical premium to the mining shares. On Stockcharts.com, look at $gold:$xau. The etf I use for the miners is GDX so you can chart $gold:gdx. So, given this historical divergence between the price of gold and the value of the mining shares, I think the miners will outpace the price of gold. And if gold continues to fall, the miners MAY fall less on a percentage basis.

To: DD™ who wrote (50457)	5/20/2013 8:24:50 AM
From: GROUND ZERO™	1 Recommendation Respond to of 220490

You're very welcome... I agree with you, on a new signal, most definitely, I personally wouldn't attempt a position in the opposite direction... but frankly, gold has got to be over done by now, or so it seems... I'm going to watch it carefully also to see if it does take out those previous lows... if it does, then I'll probably take another try at a light long position in gold... but so far, anyone buying since April 1st has been getting hammered, including my few attempts at the long side, as well... GZ