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lrp42

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lrp42

Re: None

Sunday, 04/26/2015 3:57:27 PM

Sunday, April 26, 2015 3:57:27 PM

Post# of 47291
Looking for some thoughts about Gold….

When I look at some longer term charts or even Point and Figure charts on GLD it appears that at a superficial first glance it might be time to do some bottom feeding and maybe set up a new LD-AIM program on GLD. Or even a leveraged gold miners ETF like NUGT. NUGT has a 14 day Average True Range (ATR) of $.947….with a closing share price of $10.96 that means it has a daily volatility of over 8% a day. Should be able to generate a number of trades with that kind of volatility.

On the other hand, Gold marches to its own drummer and has been in the doldrums since 2012. I really don’t have a handle on Gold or what makes it move other than it is supposed to be an inflation hedge of some sort. I am sure that most of you know a lot more about it than I do. So, I would appreciate your thoughts.

Best regards,

Ray

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