Gold support lines

Gold fell out of bed the other day and much was made of it.  I hold some physical gold, though not enough to consider myself a “gold bug” by any stretch of the imagination.  I have always viewed gold as a hedge, not an investment.  I still do.  GLD is an investment (trade, perhaps more accurately).  But the physical stuff is a hedge to me.  It’s there for when the Dollar is worth 20% less in one day… or the value of physical gold starts to completely separate from the listed price in the paper market (as we’ve seen happen in Argentina with the value of U.S. Dollars).  Anyway, here are the support trend lines in gold, as I see it.


  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: