Open Question
Dan still recommend scaling into gold on decline?
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Dan,
i am shorting it with DZZ,
would you start scaling out of it now.
Cost base $20.
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Nope. My take on buying gold on a decline is that you've first got so see some
buying. Such buying needs to push the stock (e.g., GLD) higher, thus defining
the maximum strength of the selling. That enables you to impose a protective
stop just below the low. But if you're just buying a falling knife, you're
anticipating the bottom. Some people can do that -- I'm just not one of them.
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