Trying to call the bottom on something that resembles a falling knife lately is probably foolish. But that's never stopped me before. Gold is fast approaching the long term trend line that served as the lower bound for its screaming race downwards at the end of December. In terms of GLD pricing, I'm looking at 156 as the place to arrest this decline.
Update: And if I'm wrong, try 152.
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
-
In light of my previous post, here's what I'm thinking: buy some GLD $180 calls that expire 3/16/13. Right now, you can get them fo...
-
I sounded "sad" in yesterday's post, but really I am pretty sanguine about the election. Change is going to come even if the ...
-
I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr...