Just sending you in haste. There are several articles about Gold in the FT weekend today. David Schwartz a market historian (he is usually very accurate) says the fall could have further to go. He even predicts it could go back to $900 which was the long term support and past peaks for gold “have typically been followed by very sharp retrenchments” Jonathan Eley in his article entitled “serious money” he says “nothing is immune to price falls” and John Authers says “If the move in the gold price makes sense, then US stocks are overvalued”. ATB
Many thanks for all the TA views and thoughts. The 24th will be a big day for me with EMG my main holding going ex dividend and BARC with a 1st QTR update. I am hoping we have a decent set of results that pleases the market and takes the sp passed 3.00, but IMVHO if it does break this psychological level it will not stay there for long, This I feel is unfortunately the case for the longer term investors as pressure builds on the markets suggesting further corrections As I mentioned yesterday, Gold related investments looked interesting and today it was pleasing to see a rebound in the gold ETF (PHAU), CEY and ABG!!!.,For a change, I had a bit of luck that paid for the courage to take my chances. Have a good weekend and ATB to everyone.
the charting in IB is pretty terrible, so you may want to hang on to Sharescope... I have other platforms, so only use the IB for executions... however they are cheap in fee's and you can trade everything through them... Tip!- when you subscribe, apply for everything, options, futures, stocks, etc.... you will get round to using them all as you develop... costs you nothing to have full approval for everything.
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