Another day of gold testing the 200-day EMA. So far it has a nice positive reversal bar, but let's see how it closes. It looks like it wants to go higher, but if the 200 EMA fails, it could slam down hard.
I'll add to my position @$123.
Current allocation: 90-L2030 10-L2050. Trust in God and keep your powder dry. Oliver Cromwell
Another day of gold testing the 200-day EMA. So far it has a nice positive reversal bar, but let's see how it closes. It looks like it wants to go higher, but if the 200 EMA fails, it could slam down hard.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Gold is getting pounded today - down about $30 oz.
The GLD is trying to hang onto the 50-day EMA after holding the 200 EMA for over 3 weeks. A large open gap has been looming near 123.
The GDX miners are down in unison but the bullish chart seems to be trying to hang on...
Interesting situation.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Ouch! I didn't even see that yesterday.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Roughly $1 over spot for an ounce of gold. Doesn't get any cheaper than that. 6 hours left on the sale. Over 2100 purchases in last 24 hours.
1 oz Pamp Suisse Gold Bar New Design in Assay SKU 84698 | eBay
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