[quote author="awgee" date=1218658712]G-man,
Even though I don't "trade", (less than a two year hold), precious metals, I am curious. What do the MACD, stochastics, and Fibs on your six month chart tell you about gold right now?
And just for the heck of it, if you look at a long term, (say three year) chart of gold, what does it tell you?</blockquote>
Looking at GLD, it all shows gold is a screaming buy and is totally oversold. It shows that $80 was and is the support level that broke, but hasn't been there since. Long term GLD looks like a buy, hell short term it looks like a buy. Like I said, no offense to you and your investment advice, but my point was that you need to do your own research, know your time horizon, know your risk level, not read how to become a brazzionaire in 5 easy steps, and know what the hell it is you are investing in. From everything Panda has posted, I don't know any of that and he keeps on reading puff pieces on how to get rich books which provide nothing to help him. The smartest thing he has posted is that he has taken your advice, and for the most part I agree with your advice. My or your advice isn't perfect, but one thing we will agree on is not reading crap books and put the time and effort into your trades, long or short term, long or short. BTW, I am pissed I didn't short the Hang Seng when Panda was talking about putting his money outside of the US, at least that way I could be putting (pun intended) my money where my mouth is, and be bit richer too.
