Saturday, May 27, 2006

Gold: Good Entry Point Here?

Seeking Alpha: Entry pt for exposure to gold?

So a couple of days later it appears to have held. Well that is nice but what is next? The trend line I have pointed to in both charts seems to have some relevance. If so, it makes sense to think it can be relevant a little while longer.

If you are looking for a quick trade I don’t have much to offer. If you buy into the idea of gold as portfolio diversifier and you don’t have any exposure, I think this may be a good point to enter.

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