Buy gold buy more stocks

Massive reverse head and shoulders forming...buy now!

 

I bought some this week - and sold part of it - but would rather wait for monday to buy more. If the debt ceiling issue is not finalised over the week end, market will likely gap down nastily. ES opened -1% and NQ -1.5% over the same issue last sunday

 

Good call -- I have bought more as well given the vote is soon.

 

Nasty ! One of those days I wished I had some gold:eek:

 

I lighten up my stocks and now have more gold than stocks.

 

Some see an H&S.



It's difficult to say if this is gonna play out. I have doubts. The Bush tax cuts will expire in 2013 (aka tax hike), then the Obamacare tax hike soon after.

 

Yes, I am turning bearish as well. Good thing my gold went up more than my stocks went down.



I would not sell short at this point -- there will probably be a relief rally.

AAPL is a lot higher now than when I started my thread. So is GLD or GDX. Still, I think it is time to rethink this strategy and take profits.

 

We reached critical support. I got the trend lines from Tradeyourwayout.com.

 

sell gold fist, hold on to stocks until the market bounces and get rid of them as well at that point?

 

Yes, except that I sold all my speculative stocks such as PCLN, and now trade the indices.