buying gold here?

Discussion in 'Commodity Futures' started by oil_trader, Jan 26, 2006.

  1. Gold:
    The precious metal is overextended, but may touch $700 before pulling back into a much needed correction.
     
    #81     May 7, 2006
  2. Is the precious ready to hit the brick wall?
     
    #82     May 9, 2006
  3. who knows??

    try to trade this and you'll be killed. Get in and hold tight.

    Corrections have been called since 530; the trick now is where to get in? The easy entries were loooong ago (at least it seems that way now).
     
    #83     May 9, 2006
  4. The gold mining stocks are not confirming the new highs. This is usually the first sign of an intermediate term top.

    What goes up parabolically drops like a rock.

    Although the pattern does not appear to be complete yet. I think the risk/reward favors taking profits.
     
    #84     May 9, 2006