Discussion in 'ETFs' started by billyjoerob, Dec 27, 2013.
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I know my "guess" for 2004 is 100% correct!
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2) Deflation and bearishness to the max! :eek:
My guess is up..2014 should have more vol in stocks. Right now with the market "over priced" GLD should have some attraction.
last GLD I bought was at 1600
after a few months I sold it at 1600
since then my target is 60% stocks
there is a case to be made for
either way GLD is just an alternative to cash, not an investment
I keep 10% in my forex trading account, so sometimes I'm long sometimes I'm net short USD, so it's not a true hedge
perhaps some kind of CRB basket that includes CL and NG would be a good place to keep some cash
gld is heading for double digits
Gold, silver, GLD, SLV is most likely UP;
long term trends are up. Not a prediction; wisdom is profitable to direct
GLD needs to take out 125 on good volume= really good *preliminary* bullish scenario.
Then *IF* GLD also takes out 135, the trend is *probably* changed back to up *at least until/if it changes back down again*.
PS: long term stop loss would be below the double bottom lows of about 1140...long term charts are still very bearish, but they change direction like super tankers turn: very slowly. The weekly charts look pretty darn good. But they may look like crap next week, or in a few weeks.
So many times the bottom has been called only to have price head lower. Use the monthly charts on the last day of the month to help determine. Use trend lines and volume.
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