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AMN Healthcare Services Inc. Message Board

  • gulleyj56 gulleyj56 Feb 28, 2013 10:26 AM Flag

    Commander et al, gold

    Commander, looking at gold and especially the GDX chart I would venture that we are within 2 - 3 % of a make-it-or-break-it moment. If the GDX goes through $37-38 it could get ugly very fast. I know you said you were prepared to be be patient, but are you a buyer at gold $1550? What is your plan?

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    • Yes, the $1525-$1550 area has been my "initial position" target range-we got close last week, but I have not taken any positions. I'm am concerned that falling gold prices, is a "forecast" to a stronger $-taking stocks and commodities down. A stronger $ has been what I have been looking for, so they are reinforcing each other. So far, stocks continue to hold up, so I am waiting to see how gold and other commodities will perform in a falling stock market.

      New highs for the Dow is leaving me in a situation where I can't find anything to buy-other than continuing to build my natural gas positions. Otherwise, harvesting gains and not letting myself get sucked up in the enthusiasm of Dow new highs.

      In essence, the "market" is very boring these days.

 
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