Thread: Anyone Buying Gold Here

After getting lucky and selling some JNUG above 41 a couple of days ago in one of my accounts (unfortunately holding onto a lot too in another account) I added a little yesterday and today am back to a full position.

The bottom of that gap is my last straw for support (27.5) and a good risk / reward play if I am able to get out near 27. Sometimes the gap opens are so large on gold and gold related ETFs, that you don't always get out where you wanted.




I like the look of the pullback in gold and it "should" hold here. Should the 200-day EMA fail for more than a day, I will have to get out of all gold related long positions.

Thinking about it ... using same argument as what you posted. I'm nervous, however, in how price will react later this afternoon.

Ouch! Gold is now down 22 in front of the Fed decision. Someone is trying to scare investors / traders out and it seems to be working, although the GLD is still above the 200-day EMA.

Fasten your seat belt.

The dollar spikes on Fed decision, initially pushing stocks, bonds, and gold down.

Shhh! Don't tell anyone. It's a secret...

Gold is flashing a secret buy indicator | Watch the video - Yahoo Finance

Looks like a long-term pivot point for gold.

98% of those who voted on Market Watch are bullish on gold. I believe the SS would consider that as a sell signal if it works for gold and equities?

Interesting. I thought there was bearish sentiment on gold. Good to know.

No I don't buy GOLD, I'm lucky to be able to buy mixer!drunksquirrel2jq.jpg

Gold was down sharply after the jobs report this morning, but it's starting to rebound. The 200-day average has been holding strong since the big move higher a couple of weeks ago. I'm a little concerned about that big open gap, but as long as the 200-day EMA holds, I like gold.