Saturday, June 13, 2009

Gold, Silver, Gold mining stocks

Although I am long these sectors can't say I loved the action on Friday. Maybe they all go back down to their 50 DMA... I thought the 20 DMA would hold, but it did not.

Maybe we snap right back on Monday and recapture those levels, but it looks like gold's assault on $1,000 is again thwarted for the time being.
Posted by The Honest Trader at 11:20 AM

2 comments:

  1. AnonymousJune 13, 2009 at 12:09 PM

    I have been wanting to take a position in DGP
    Have been waiting for a pull back. Any thoughts on a good entry point?

    Dave

    ReplyDelete
  2. AnonymousJune 13, 2009 at 1:48 PM

    i would say 922-932 is a good entry point for gold, place a small portion when it pulls down to 932 and some more at around 922-925.

    ReplyDelete

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