Quote: (06-21-2013 07:30 PM)Leo Wrote:
Quote: (06-21-2013 07:24 PM)gsinplaya Wrote:
Quote: (06-21-2013 07:15 PM)Leo Wrote:
Quote: (06-21-2013 05:43 PM)gsinplaya Wrote:
Unless you are a very nimble daytrader I would avoid it all together
I'm thinking position trade. Hold time: 2+ years.
I'd rather buy whats in an uptrend and showing relative strength if you want to position trade something over that time period. A stock like GOOG is the first that comes to mind for me.
I don't see any technical reason to buy GLD here for an investment.
You really don't think gold is on a long term uptrend and this is just a correction?
GLD intermediate trend broke at $161 - then macro at $148.50. There is no telling how low it will go