Monday, August 31, 2009

THE NEXT TWO HIGHER 75% RETRACE POINTS AS GOLD MOVES BACK UP


Gold is going to break through the 960 area soon and
head up to 980 and 1000, so be ready to hang on to some
of your long positions for possible huge up spike, which
will immediately be sold off for profit taking. We're entering
a time when it will be more and more difficult to take profits
and be able to buy back in on a pull back. The pull backs
will become fewer and more shallow as the flight to gold
builds momentum and gold could start moving in $50-$100 moves
both up and down, so be very conservative with your positions
and margins.