Wednesday, August 12, 2009
FINALLY, BLOGGER LETS ME POST A CHART
Gold is pulling back after the up spike and the red down
flag resolves up, but we're getting close to the Crimex close
and the FOMC meeting report will come out 45 minutes after
the close and all hell ought to break loose in gold and other
financial markets for the few minutes after the report is
made available. Trading the action after the report can be
very profitable, or disastrous as the action can be very volatile
and enormous swings happen in just seconds, so be very
wary of placing market orders. Use limit orders only placed
at very strategic buy points much lower than you think possible.