We’ll have to see where gold ends, the day, but it started the morning strong. Strong enough that I made new recommendations for Red-Hot Commodity ETFs and Red-Hot Global Small-Caps. Then gold turned lower. Dang!
These positions are small and we’re using stops, so if the market turns against us, it won’t hurt that much. And meanwhile, we have the potential for some good upside.
Here’s a version of one of the charts I sent out this morning …
We’ll see how it ends the day.
Here are some things to brighten up your weekend. First, a Dilbert cartoon that is very relevant to today’s market.
Have a great weekend.
More on this topic
(What's this?)
Tomorrow: “The Biggest Gold Story of the Last 50 Years Hits the Press?” (McCoach)
(Stock Gumshoe, 3/2/10)
Is It Time For a Run to New All-Time Highs in Gold?
(Gold Versus Paper, 2/16/10)
Why the Gold Bubble Will Peak at $2,000 in 2010
(Money Morning, 1/23/10)
The Best Ways to Invest in Gold
(Investing School, 1/20/10)
Related Posts
- Happy Friday — I.O.U.S.A (08/21/08)
- Happy Monday — Oil & Gold Charts & News You… (06/23/08)
- Monthly Gold Chart & Happy Festivus! (12/23/08)
- Happy Boxing Day! (12/26/08)
- Big Heaping Serving of White-Hot Doom, Friday… (10/24/08)
{ 1 comment… read it below or add one }
Well, that’s pretty obvious that Gold is the ‘Good investing asset’ as the markets worldwide are being detoriated..
But as no one knows where it will stop; profits are so minor, likely game of cents..
In my side, I can’t buy Gold because Gold’s up and secondly our currency is in pressure against US$, so whenever I calculate the actual rates of Gold in PKR., it says me ‘nay’ ..
All in all, Gold is moving Up and Down and that’s good for investors though..