Post by
1keepitsimple on Jan 19, 2023 1:45am
Gold on Nov 03 $1682.37 closed. Jan 1 $1911 2023
I suggested gold was oversold (galena 03 now 1Keepitsimple) and the recent move up suggests we are going to pull back some.
Sometimes it is nice to take some money off the table. All we hear now is gold is going to the moon.
You can always jump back in and miss a few dollars if this fails. I'm only looking for short term moves and then make another move. Two months is generally a nice move before a short term trend change.
Larry Williams. I took a course in Denver Colorado. I believe it was late 1974 ( New York Exchange stocks big names like Polaroid, Eastman Kodak Digital Equipment Homestake Gold. a lot of them lost 50%) I was shorting, commission to sell 100 shares were around $135.00. I didn't get rich but it opened my eyes. This was just after the NYSE had just introduced computers.
I know Larry was very good at making money with his style of trading and I envy his knowlege.
I have never seen Larry since but I see some of his movies and he is above my league.
Remember idicators are not always right. They may go into extended bull and bear ranges and interpretation becomes much less sure. But commission are so low now.
My indicators show a lot of Co gold stocks are in overbought range.
THIS IS NOT TO BE INTERPRETED AS INVESTMENT ADVICE I DON"T HAVE ANY FANCY LETTERS BEHIND MY NAME..SOME WOULD SUGGEST B.S.
Anyway I wish you success and you can berate me all you want and I will hang up my broken pen.