Churn's Twitter RSS icon Home icon

  • Silver & Gold Keep Pushing Higher

    Posted on February 18th, 2009 No comments

    Unfortunately I didn’t get the pull back I was looking for in the S&P┬ábut we got extremely close. Around 10 AM we were down about 100 points and I was about 30 cents off my entrance on DOW Chemicals, which would of been a great play. I didn’t get close with General Electric (GE), but that’s expected with their dividend payout coming Thursday night.

    On the other end, Gold and Silver kept pushing higher. I was really hoping for a pull back here, just to keep my charts healthy and create a buying opportunity for myself. Instead I picked up a small amount of GDX (Gold Miners) since it didn’t make the break upwards like the actual metal today. I’m still anxiously waiting for a pull back in gold or silver, these are not plays I want to be sitting on the sidelines for. I will continue to build on GDX or HGU as the miners make pullbacks.

    Tomorrow I’ll be specifically looking for entrance points in gold, silver and the miners. GE and DOW would need to make huge gaps downwards if I purchase in them.

    Leave a reply