Wednesday, November 18, 2009

GOLD MAY MOVE HIGHER BEFORE, OR ON, THE CRIMEX OPEN


GOLD IS APPROACHING A 'RUN AWAY' PHASE AS
THE HIGHER IT GOES, BUYERS MAY START JUMPING
IN TO AVOID BEING LEFT BEHIND. SINCLAIR SAYS
IT COULD START MOVING UP THE PRESENT DAILY
LIMIT OF $75 PER DAY WHICH WOULD KILL THE
SHORTS BY LOCKING THEM OUT OF ANY ABILITY
TO GET OUT OF THEIR SHORT POSITIONS. THOSE
WHO DO GET OUT HAVE TO 'BUY' IN ORDER TO
OFFSET THEIR POSITIONS AND THAT WILL DRIVE
GOLD EVEN HIGHER.
ANY SUBSTANTIAL PULLBACK IN GOLD IS AN OPPORTUNITY
TO BUY IN SAFELY (with NO MARGIN or very little )
AND JUST HANG ON FOR THE RIDE.