KOOPKANSEN IN GOUD EN ZILVER…

…, die ziet Goldstocktrades.com voor heel binnenkort.  Om fundamentele redenen maar ook omdat straks technisch een heel belangrijke steun zal geraakt worden; telkens die gehaald wordt, stegen goud en zilver aanzienlijk.  Ik laat u die grafieken zien :

This shakeout in precious metals is giving investors another opportunity to jump into this bull market without being caught up in the hysteria.  To enter the trend with additional capital, it would be wise to buy when the conditions are oversold.

I have written about the use of oscillators to show short term buypoints in an uptrend.  I am seeing this happening again with gold.  Gold is about to hit an 18 month trend line, which has been successfully tested 6 times.  This is a valid and significant trend line that needs to be monitored closely.  Oversold conditions coupled with long term trend support leads to highly profitable times, as indicated in the chart below.

While learning to trade, I was taught to be a patient lion waiting for the best possible opportunity to pounce.  Lions wait intently until they are sure of optimal results: a  profitable trade.  Now as a trader of gold and silver, I see opportunity approaching.  The best way to play this market is by buying gold and silver when it hits the lower support trend line and is oversold, and selling as it approaches the rising resistance line.  This rule forces you to enter when the conditions are oversold but still in an up market, giving you very minimal downside risk.  Each time gold has rallied into new highs, the first correction to that trend line has been the counter trend bottom in the next major move.

Investors should be concerned if there is a break in that trendline as it has proven to be valid over the past 18 months.  There are many similarities with silver.

I believe silver is a great buy here at $17, especially as this is a true deflationary hedge.  Eventually the public will want real money, which is gold and silver.  Silver has the possibility of making a major run as it is way below all time highs.  During this time when it is oversold and coming in play with long term support, I would position myself for a move higher from the $17 area to $21 by the end of 2010.  En beste lezer, wekt dit uw interesse ? Ik verneem het graag…

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