Chris Kimble (blog.kimblechartingsolutions.com) uses a nice chart showing that GOLD GLD, the SWISS FRANC FXF and the 20 Year Treasury Bonds TLT and have found long-term key resistance, all at the same time. Check out Chris' blog here:
From Chris' analysis it is clear that owning these "safe havens" plays at the wrong time - NOW - bears as much risk as any other type of investment. Chris concludes: "I remain of the opinion that conservative investors should harvest up against resistance and aggressive investors should "attempt to score on defense" at resistance with an upside stop if resistance doesn't hold."
A free collection of entry and exit signals to help the trader decide when to be long or short, or ride the sideway waves
Thursday, September 8, 2011
2011/09/07 kimblechartingsolutions.com: harvest "safe havens" Gold GLD, Swiss Franc FXF, and 20 Year Treasury Bonds TLT
Labels:
CHF,
FXF,
GLD,
Gold,
kimblechartingsolutions.com,
safe havens,
Swiss Franc,
TLT
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment