Tuesday, September 1, 2009

GOLD PULLS BACK AFTER FINDING TOO MUCH RESISTANCE AROUND 959


It's a good thing I sold out my long position
where I did. I worried that gold could vault
higher, but it came back down a good deal.
Overnight trading should show us where gold
is really going to go. The Crimex session will
do what it always does...beat gold down where
possible...so take advantage of any severe drop
to buy in conservatively and take your profits
when gold starts to stall during its rallies.