john, buy low sell high. we all know where gold is going (i hope you think up?) so when gold gets a nice smack down as we've had.. you start cost averaging in. when some more crazy bailout comes out or dollar takes a dump, take profits and wait for another solutions from the fed/treasury/gov. repeat for as long as you like money.
also, in response to resistance and the like, i personally dont subscribe to tech analysis, especially when it comes to gold. events are unfolding at a blistering pace now and to time every move with TA, imo, is suicide. i stick to simple trend lines and hope my fundamental thinking is straight. i hope that helps?
3 comments:
How do you determine when to buy a stock ?
In the case of AUY, for instance, is it because POG broke resistance ?
...I guess it's more complicated than that, just trying to understand though...
john, buy low sell high. we all know where gold is going (i hope you think up?) so when gold gets a nice smack down as we've had.. you start cost averaging in. when some more crazy bailout comes out or dollar takes a dump, take profits and wait for another solutions from the fed/treasury/gov. repeat for as long as you like money.
also, in response to resistance and the like, i personally dont subscribe to tech analysis, especially when it comes to gold. events are unfolding at a blistering pace now and to time every move with TA, imo, is suicide. i stick to simple trend lines and hope my fundamental thinking is straight. i hope that helps?
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