Tuesday, February 8, 2011

Precious Metals....OB/OS Update

From the January 24,2011  post

On Jan 27th GLD hit a low of 127.80 and today at noon it is selling at 133.30.


Comments from the January 24,2011 post:

This chart starts at March 2009...
Turquoise = precious metals mutual fund...note that after investors sharp redemption's, a bottom in the price of gold formed (this chart does not have the price chart for gold...please compare this chart to a gold chart and match up the dates)...It is easier to spot bottoms than tops...
Again there were a lot of redemption's in this Precious Metals mutual fund...

Past performance is not indicative of future results.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.