Trades,
I am thinking the same way. I'm getting tired of trading for nickles and dimes - Gold is still in an uptrend that began long before you and I were born. I'd LOVE to ride a long term trend, in either direction and just update my stops and add on from time to time. The only problem is that it hits you with expensive drawdowns. I know that if you're a savvy trader, you can protect yourself against these account killers. In this market, you're lucky to find a trend that lasts a month - let alone one that lasts for years.
I think that it was Insider who posted about dumping his silver that he bought back in the 70's. Now THAT's long term.
I actually bought some gold in 1975, just after I got a job where I could actually put some money away. "Goldfinger" is my all time Favourite movie!! I used it as part of the downpayment for my first house.

I've seen this 150 bounce a couple of times and it FINALLY dawned on me that something was "up". So, now I pay attention.
Odd - I was thinking of the 1705 support area this am when it touched 1706 this morning and I was just about to pull the trigger. Wondered what you thought about it (and sneak a chart from you!) since I knew that you had been tracking Gold as well.
It might pay us both just to follow Gold. I have been trading Oil for some time and it's been a roller coaster. But the GOLD chart outclasses them all. Splitting my focus just isn't working. I should shelve all my other charts and just follow Gold - at least we know what the long term trend is - whatchathink?????

Best,
S