GOLD 0.51% $1,391.7 gold futures

for gold & silver - you really should read it

  1. dub
    33,892 Posts.
    lightbulb Created with Sketch. 350

    http://www.gold-eagle.com/editorials_08/klein010209.html


    The following bits got me hooked.

    -(:-D)

    ....................................


    *
    Strategy
    Stay 200% long silver. This is going to print money. Just sit back and enjoy it.


    *
    Strategy
    We are looking to establish a 100% long position as the lows were seen, when the break of $700 occurred as forecast. The metal could only do so on an intra-day basis, as opposed to a closing basis. Rather than lament missing a perfect entry for being fully long again, we take solace in:

    * Our 200% silver position, which was strategically designed to buffer not being 100% long gold, and

    * The fact that gold will now enjoy a virtually unabated (big picture) wave-3 advance to the $3000-$3500 area, which was initially discussed a year ago*; the bearish divergence seen above on the 2-year daily gold chart, should now yield to a short term pullback.


    ..................................


    ' _ '
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.