Gold putting in a short term low.

Discussion in 'Trading' started by Trexticle, Dec 9, 2009.

  1. It seems a little early for a low, but the next three days we could see the low (apprx. $1075.00 cash) and then back up. Plenty of built up energy in this move yet. We had a similar consolidation in November/December of 07 and it resolved to the upside. I don't have any reason to believe otherwise this time.


    Of course this is the market and anything could happen and you have to be ready for that.
  2. ....on one hand, but then on the other hand......:cool:
  3. LOL.
  4. Lucrum


    Ya know your alias looks a lot like...well...never mind.
  5. Your right, I should have put "big" in front of it.

  6. LOL
  7. The problem is producers are digging out record amount of gold from mines to take advantage of these prices.

    Lots of Mines that were not producing since gold was too low to make it a profitable venture.
  8. Your GLD chart suggests to me that a significant pullback is due after a 50 pt. swing.

    Of course I could be dead wrong. I'm long SLV for the long term, btw.
  9. how do I calculate the P/E ratio for gold?