Gold Futures bust through a recent high this evening, closing in on the $900 level. Technically, gold looks great, I’ll post a few stock setups tonight.
If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Jan 27, 2008
7,406 Blog Posts
TRE & GRZ … the spec monday plays.
go chargers!
Both $HUI and $XAU are through their recent downtrend lines, but interestingly, GLD is not.
Also, the GLD downtrend line looks like it will intersect almost exactly with the long term (6/1/2005 low to 3/1/2008 high) fibonacci retrace at $86.60.
If we get through that line of death w.out incident, I imagine we should be “good to go” to 9 hunnit and then our old highs.
______
GDX…The lazy man’s play..
I agree with Goldie on GDX and i will add EGO
What happens to gold tomorrow impacts what I do with the gold for the next month
On another topic — have a look at LINE tomorrow.
____________
So you read Barron’s … this for the long term IRA along with NRP?
Speaking of coal … PCX and ANR are egregiously inexpensive, no?
Yes!
Btw — GLD is sitting right at that 86.60 downtrend as I type this.
Amazing.
_________
I love my GDX / EGO trade, Market going down and im making coin…
GRZ
Last: 0.74
Change: +0.15 (+25.42%)
Did someone say EGO?
Lovely. Hit the jackpot today… $7.77
Don’t let Vegas take you down!
-gio
I did said EGO, same as you, entered the trade late last friday with GDX…CACHING!!