Gold & Silver Setting up for an Attractive New Entry Point

Discussion in 'Metal Futures' started by adiefendal, Oct 1, 2011.

  1. Gold & Silver Setting up for an Attractive New Entry Point,An opportunity is now being created in precious metals if the current correction continues. Most precious metals have been falling in price, as financial markets continue to reassess the expectations for economic growth. With lower expectations for global economic growth, the demand outlook for raw materials and spot prices are also going down.
     
  2. jokepie

    jokepie

    Gold can be played here...small test trade entry
     
  3. You mean to tell me prices could go up OR down?!
     
  4. is that a straddle you are recommending?
     
  5. jokepie

    jokepie

    I am biased towards long, however my startegy is to build the position as it validates it self. knowing possible downside risk is also key.
     
  6. jokepie

    jokepie

    you could do that - absolutely.
     
  7. ==================
    I agree with that trend comment on gold, GLD.
    SLV, silver while still in a 1 year uptrend ;
    so many other SLV, silver trends are downtrends,still looks bearish, except for the longest of uptrend investors.:D