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NEWGOLD.

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Now going for 1st resistance at R94.99....Hope she comes back for one more munch at the R90 line.Now sold 60% since R90 entry.Buys back in play.Any other CFD-GLD-freaks out there ?
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8 REPLIES 8
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In fact, she's topped R94.99 as a high today.Just updated my Point and Figure Chart.She's clocked 2 more Xs of Demand in Nov2010.Only R96.99 resistance, as a roof,before the mighty R101 is challenged.
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PaulC
Super Contributor
Gold I like. GLD is a tricky one to trade due to rand movements. I tend to trade the ANG/GFI in favour of GLD for this reason. Have you considered the gold comod future as opposed to GLD? just curious. Pity the silver comod future still isnt tradeable! - P
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I'll be straight up with you PaulC...I trade like a dumb man. A simple point and figure chart.2.I watch for the 10-wk crossing over the 20-wk....3.And I watch where my long-term Uptrend Line is ( R85). Easy stuff.You know,Trading for Dummies 101...heh.The other stuff...nah.Too much stress.
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And on the daily chart,old GLD gives sweet trading ranges.BUT...Looks like we're starting to trend now. I can see the Rand is struggling to get stronger.Gold,well,gold just pumps North!...and keeps on pumping.Hence,GLD up.Next Resistance $1446....if you click on the jsmineset.com website.Ther's a hot Texas trader there...Dan Norcini.Always worth a gold-trader's check.Another one for the back-pocket.See ya at the Races,mate !
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stores
Super Contributor
Simon Standard Bank is ..LOL... I am a gold freak Zarp and read all your posts. Thanks and good luck. (By the way was it you who gave the silver tip about six or nine months ago?)
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stores
Super Contributor
Sorry..Should have gone under Zarps initial post
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stores....yeah, it was me.Who else ? (heh)...Zarp 2.0 fin24 ?...###that's where I jawboned it.Made some good cash on Silver, between 9.70 and 19......AND LOOK AT HER NOW ! It's heading for 31 at an incredible pace.Beautiful to watch , as those New York shorts get run to the wall.AND ABOUT TIME TOO.
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SimonPB
Valued Contributor
Gold surges on QE2, Silver flying .. http://ow.ly/37iqK
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