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Re: Gold

By: lkorrow in CONSTITUTION | Recommend this post (0)
Tue, 22 Nov 11 6:09 AM | 42 view(s)
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Msg. 16274 of 21975
(This msg. is a reply to 16271 by DueDillinger)

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Due, I assume you're buying/selling silver shares, as opposed to the metal, or you'd be getting killed on the buy/sell spread...




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The above is a reply to the following message:
Re: Gold
By: DueDillinger
in CONSTITUTION
Tue, 22 Nov 11 1:08 AM
Msg. 16271 of 21975

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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