Tuesday's action came as a shocking surprise to many gold market traders. On Tuesday we saw gold being pushed down to its lowest levels in days.
The sell off was enough to give us a red daily triangle signal and a neutral rating on this market. If you are a strict student of the red triangle signals, then you sold yesterday.
I'm not selling.
In fact, I added to my position in gold miner KGC this morning. I got a sweet 8% fire sale on the stock.
Ask yourself this question: is the rally in gold really over?
If your answer is no, then you have to buy on pullbacks.
It takes guts, it takes a little reckless abandonment.
So what is the next major retracement level where we may see gold bounce?
In my new video below I do a Fibonacci retracement on gold showing you some levels I think gold will go to on the downside. I also share with you what I think is setting up for an excellent buying opportunity, if and when our “Trade Triangles” are aligned.
What the !@%$#%@ is up with Gold?
Tuesday's action came as a shocking surprise to many gold market traders. On Tuesday we saw gold being pushed down to its lowest levels in days.
The sell off was enough to give us a red daily triangle signal and a neutral rating on this market. If you are a strict student of the red triangle signals, then you sold yesterday.
I'm not selling.
In fact, I added to my position in gold miner KGC this morning. I got a sweet 8% fire sale on the stock.
Ask yourself this question: is the rally in gold really over?
If your answer is no, then you have to buy on pullbacks.
It takes guts, it takes a little reckless abandonment.
So what is the next major retracement level where we may see gold bounce?
In my new video below I do a Fibonacci retracement on gold showing you some levels I think gold will go to on the downside. I also share with you what I think is setting up for an excellent buying opportunity, if and when our “Trade Triangles” are aligned.
What the !@%$#%@ is up with Gold?
Tuesday's action came as a shocking surprise to many gold market traders. On Tuesday we saw gold being pushed down to its lowest levels in days.
The sell off was enough to give us a red daily triangle signal and a neutral rating on this market. If you are a strict student of the red triangle signals, then you sold yesterday.
I'm not selling.
In fact, I added to my position in gold miner KGC this morning. I got a sweet 8% fire sale on the stock.
Ask yourself this question: is the rally in gold really over?
If your answer is no, then you have to buy on pullbacks.
It takes guts, it takes a little reckless abandonment.
So what is the next major retracement level where we may see gold bounce?
In my new video below I do a Fibonacci retracement on gold showing you some levels I think gold will go to on the downside. I also share with you what I think is setting up for an excellent buying opportunity, if and when our “Trade Triangles” are aligned.
Copyright 2009-2011 GuerillaStockTrading.com All rights reserved. No part or article on this website may be copied or duplicated without written consent from GuerillaStockTrading.com and Confab Publishing. Disclaimer: This Web site is designed to provide accurate and authoritative information on the subject of personal finances. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services by providing this Web site. The authors and publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated. This blog is for information and entertainment purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities or any other type of investment instruments. See a licensed broker for investment advice.
Guerilla Stock Trading University