GOLD, could it all be in the price?

Share On Facebook
share on Linkedin
Print

Gold is stalling and my only concern is that everyone seems hooked on Gold.

We have a number of “hype merchants” trying to cash in on a never ending rally – I won’t mention any names but I would be interested in hearing from anyone who is involved. Gold continues to look a no-brainer. Even if the various reflationary measures do nothing for the global economies they seem sure to devalue currencies – don’t they? Or could it already be in the price? Maybe, but for now I will stick with the wave pattern and this still looks good for $2000. But there are ZERO sure-fire bets in the markets.
We remain 100% long of Gold via the ETF PHAU, entering first on Friday 30th December 2011 when Gold was around $1560 and giving further entry points along the way, the latest being on 31st August.
TRADING TREND. TT is UP

web: http://www.johnpiper.info/jptpromo.htm

for free reports and videos email jptt@aweber.com

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220520 00:21:21