Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Minersí Q3í17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

 
Long Gold and Loving It!

By: Rick Ackerman, Rick's Picks

 -- Published: Friday, 4 December 2015 | Print  | Disqus 

Iím establishing a tracking position ó long four contracts from 1048.00 ó since subscribers reported buying December Gold on the basis of a longstanding target Iíd furnished at 1044.50. The futures traded as low as 1046.20 intraday, probably as close as theyíre going to get to the target if itís going to work. As is my practice, I will recommend taking a quick profit on half the position at a current price of around 1063.70. Thatís admittedly not much of a gain, considering that I expect a very strong bounce from these levels. But it will give traders a comfort cushion that will allow them to swing for the fences with whatís left. The best way I know of to put oneself in a relaxed state of mind is to take a some of the houseís money off the table early on in a trade; and so I have advised.  Since the February 2016 contract is now the active month, I will further suggest rolling into it. It's trading for around the same price as the December contract, so I'll use the same cost basis.  If subscriber reports in the chat room warrant it, I will adjust the price to reflect their actual experience.  Finally, once youíve exited half the position, set a stop-loss for what remains at 1035.90. For a free trial subscription that will allow you to access the target and a list of all current recommendations, as well as a 24/7 chat room that draws veteran traders from around the world, click here.


| Digg This Article
 -- Published: Friday, 4 December 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.