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Re: TeddyCaswell post# 4024

Saturday, 01/21/2017 12:56:27 PM

Saturday, January 21, 2017 12:56:27 PM

Post# of 6140
In general gold typically trades closer to the dollar inversely.
JDST is a bear fund meaning it trades opposite of gold, but actually follows the gold miners GDX/GDXJ.
I suggest comparing the SPY with the GLD daily charts, looking at the last year there were times when they moved together and times they moved opposite.

Just remember it is your money that is at stake, always do your own research and don't trade based on anyone's opinion. I like to post chart patterns to see how often they can hit their targets, not as trading advise. I personally started trading by following the chatter and got slaughtered BAD. I now focus on chart patterns and not the chatter, but I will say that this board has some really good posters on it.

Good luck.