Can we use gold to preserve our assets from market crash? In that regard is observation of the 6 year performance chart of gold, represented by (GLD), and S&P500 index (SPX) which lead to the following conclusions: - For the last three years Gold (GLD) followed SPY corrections with certain lag - Market corrections tend to be more severe compared to gold...
The chart of Gold (GLD etf) is stuck between a rock (at 173-175) and a hard place (at 163-160). We are closer to supply here at 170 so that gives me the idea to sell short and look for a break down to the 165 area while risking 5 pts. It is a 50/50 trade, so not a high payoff trade, but to me it is a high probability trade. The chart displays quite nicely how...
What is MOST interesting to me about GLD here is it has faied to attract new buyers at a time of near panic as measured by VIX reading above 40 which happened concurrently with fears about the solvency of European banks, ratings agenciy downgrades and announcements to throw more debt onto the back of most developed nation's economies. Obama's fiscal stimulus...