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Re: Gold

By: DueDillinger in CONSTITUTION | Recommend this post (0)
Tue, 22 Nov 11 1:08 AM | 65 view(s)
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Msg. 16271 of 21975
(This msg. is a reply to 16270 by lkorrow)

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I use Stewart Thompson's strategy (buying weakness at support and selling strength at resistance) and was buying silver today around $31. Here's the gold chart Stewart posted this morning showing green buys and red sells at these 'horizontal support and resistance (HSR)' lines.

He wrote: Gold has rallied $275 from $1530 to $1805, and now retraced by about $100. It is barely touching the green HSR line in the $1700 area.

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The above is a reply to the following message:
Gold
By: lkorrow
in CONSTITUTION
Mon, 21 Nov 11 9:57 PM
Msg. 16270 of 21975

Still working in lockstep with the market. Downer!

Now who's buying the market today (down on a lark). I'll bet tomorrow they realize oh yeah, the deficit will be reduced in spite of the committee (just across the board). Then, up goes the market. jmho!

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