...another 3 % and officially in a "BEAR MARKET" - if I am not wrong 1900 was the high this year, or? I though bond vigilantes "adore" Gold as a depression hedge ? What happened ? :eek:
================= AS usa; Well many & DR Pat Robertson were aiming for a public target of $2,000 gold contracts area this year. But as an old or medium age target shooter can tell you; targets can be missed, with all due respect Sure gold, GLD 50 week moving average is bearish, 50 day moving average is bearish; but 1 year GLD candlechart, 3 year candlechart is uptrending by most measures Even if PIGS can fly[LUV airlines does fly PIGS, they charge more,, to fly PIGS,LOL.} Who knows, BAC ,Citigroup{C}downtrends may help the long term uptrend of gold,GLD. %%%%%%%%%%%%%%%%%%%%%%%%%%%%%% SLV, silver maybe in a long term uptrend, but 50dma is a downtrending @32 area., not a prediction. But the risk on long silver or SLV @ $27 area is not right for me.Simply a silver dealer said & i agree, sell silver @ 32 area. AS the silver dealer says, Merry Christmas
If SI can get down to low $26 level or lower I will put it back on my radar scope - SI trading was half of my gains for the year and I want to stay active into 2012 with this pullback. I chart GC but I never trade it - great moves though. I thought we would get more pullback so big players can get back heavy long into first qtr of 2012 - before EU problems may accelerate and spread.
Cooking.com is planning on posting recipes to help you consume your gold. Remember, if it was a sure thing , you couldn't buy it.
S-low; Peak to valley[2011] gold, GLD is a bear trend, for sure; but open to close [2011 ] is nice uptrend. 2012=uptrend or sideways trend.Compared to Citigroup & silver, SLV; gold ,GLD a real fine uptrend. Meridith Whitney the bank analyst who rightly sell/slammed Citigroup; now warns of city/state[muni...] danger........ Gold,GLD compared to JPM; well you be the judge
IMO, this is a great buying opportunity. Helicopter Ben should act true to form if employment/S&P languish much further.