InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Gold Rush Again 0 comments
    Aug 16, 2011 11:15 AM | about stocks: GDPM, GLD, AGQ, JJC, SLV
    Gold is off to the races once again as central banks continue to look for a way to keep European Union countries from defaulting. At this time, gold seems to be the only safe haven currency in the world that investors have any faith in. The SPDR Gold Shares(NYSE:GLD) are trading higher by $1.90 to $173.70 a share. Traders can watch for some minor intra-day resistance around the $174.00 level. Should the GLD trade through that area the next important resistance area for the GLD will be around the $175.00 level.

    Often silver will follow gold very closely. Silver is considered the poor mans gold by many traders and investors. This morning, the iShares Silver Trust(NYSE:SLV) is trading higher by 0.19 cents to $38.86 a share. Traders must remember that silver is also an industrial metal, therefore, this precious metal will lag gold when the industrial metals are weak. Some of the industrial metals that are weak today include copper, iron, and steel.

    Nicholas Santiago
    Stocks: GDPM, GLD, AGQ, JJC, SLV
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.