By: Kenneth Schortgen Jr. On April 17, the U.S. Mint reported a record 63500 ounces of gold being sold to the public in one day, despite central banks driving down the paper spot price by over 9% in the past week. This record one day sale brings total Mint sales for April to 140000 ounces, Continue reading →
Posts Tagged With '(GLD)'
Trade adjustment – Gold (GLD) addition #2
I am posting this trade a few days later than when I actually opened it. If you want to see my trades earlier, you can do so on my Facebook page, where I typically post my trade at the same time when it happens. Yesterday I added a few shares of GLD into my portfolio Continue reading →
Gold Sank Faster Than Titanic. Are You Panicking?
Today’s trading was fascinating. My account was red and full of blood as never before. A true blood in the streets. A massacre. It was not only Gold which sank deeper than on Friday on a lot larger volume than on Friday, but the entire market followed. If you follow my Facebook fan page, I Continue reading →
Trade adjustment – Gold (GLD) addition
Today I added a few shares of GLD into my portfolio as Gold suffered a huge sell off. As I wrote in my previous post I believe the today’s price action is an overreaction of investors, most likely responding to (outdated) report from Sorros Fund Management. As I wrote I believe GLD indicated a bearish Continue reading →
Is today’s trading marking the beginning of the correction?
Today’s trading was hectic and markets fell hard after FOMC meeting. The market is idicating nervousness and today’s price action – extended bearish candle may indicate the end of the trend. Almost all my stocks fell hard as well. I am not that concerned about it however, since I have been expecting correction since two Continue reading →
Market expectations
Today’s trading is over and the markets added to their gains and added to their overbought pressure. Everybody is already talking about correction behind the door, but the market is still strong and marching up. Investors are still pouring new money, moving more cash to the stocks on every dip. It really is something which Continue reading →
Futures point to selloff tomorrow
The market finished up today, however, as of this writing the U.S. futures point to heavy selling tomorrow morning. S&P 500 is down -23.90 / 1.66%, Nasdaq -40.00 / 1.49% and Dow -211.00 / 1.50%. So be ready for bumpy ride tomorrow. Another investment I am closely watching is Gold GLD. Today we experienced another Continue reading →
New trade – adding Gold ETF (GLD)
Gold retreated to its 200 day MA today and I decided to add a few shares to my holding, since I consider this attractive price. I see some similarities and pattern in GLD corrections, (see the chart below) and thus I believe we are in similar pattern as in 2008. Also I want to be Continue reading →
New trade – Gold ETF (GLD)
As I wrote in my previous post I wish to have some exposure to gold and be buying on dips. I believe that in long term gold will gain value, so I will be buying these corrections in gold as we could see today, for example. I had an open order from last week to Continue reading →
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