Hi Larry - I just read the article by Richard Russell. I also noticed that NEM has pulled back to it's 20 DMA. Do you think it would be a good time to get back into NEM? (I was stopped out a few weeks ago.)
Even though I'm surprised at the weakness in gold today (it's down about 7 bucks as I type this) I think 42.50 for NEM is pretty good support. So if you are so inclined I think it's a decent entry point. I also think you're going to have to risk below 40 if you buy it here.
Larry
By the way, are you in Las Vegas?
Vegas
November 17 2003, 11:50 AM
Thanks. I just may jump back in to NEM.
Actually I'm on the road in Los Angeles. I'll be travelling to Vegas on Thursday.
Dave
back in NEM
November 18 2003, 1:29 PM
It appears I jumped back into NEM at about the perfect time yesterday...for once.
Dave
Re: gold - Richard Russell
November 18 2003, 1:37 PM
Dave, didn't Kenny Rogers sing something about not counting your money while you're sitting at the table?
Larry
yes but...
November 18 2003, 3:06 PM
...when you're sitting at the card table the other players won't take too kindly to you using trailing stops. My broker doesn't care when I get out.
My trailing stop will leave me with some sort of profit on this one. It just may not be as big as it is now. Plus it sure beats watching it go the other direction!
