Trading is nothing short of speculation and people who treat it as intelligent speculation have a fair chance of doing well.The posts in this blog are nothing but notes I am making for myself. I welcome serious discussion on TA from like minded people and willing to share whatever little knowledge I have of TA. Nothing on this site should ever be interpreted as advice, research or an invitation to buy or sell any securities.
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Manoj,
ReplyDeleteReally appreciate your views on GOLD.
I also believe that GOLD will try visit 1050 (200 DMA). No inverse coorelation works, DJ will break and Gold will also break.
Going long at 200 DMA with tight stoploss can give $100 opportunity
Generally I like to go long on GOLD (may be indian outlook :-)
Regards
Mehta
Mehta Hi
ReplyDeleteThanks for appreciating...
Yes Gold is good but then there is a LOT that Glitters like GOLD and has outperformed it toooo!
Please go through this article I am sure you will find it pretty revealing
http://www.thestar.com/business/article/754976--olive-plenty-of-commodities-outperforming-gold
Cheers!