Friday, July 24, 2009
LOTS OF MOVEMENT BUT WEAK VOLUME, WAIT FOR THE BIG DROP
Indicator markets are encouraging to a gold rally,
but the dollar is falling now.
HOPE YOU TOOK YOUR PROFITS WHILE YOU HAD THEM
When the commodity gods give you a quick windfall, don't
wait for them to give you more...TAKE YOUR PROFITS!
Then re-group and wait for the next opportunity.
Just don't dissipate your winnings with a bunch of little
(or large) unnecessary losses by waiting for larger profits
on any one move. Enough reasonable wins pile up into a large account.
This gold market will screw you out them every time you
wait too long to grab your winnings.
NOT MUCH SUPPORTING THIS LAST UP MOVE ON LIGHT TO MODERATE VOLUME
ONLY BUY THE DIPS, NEVER CHASE A MARKET!
DOW RISING, EURO RISING, OIL UP, BONDS DOWN
Gold could rise now, but until the dollar starts collapsing
again, I'm not trading. I'll wait for a good dip to buy in
October gold for a long rise. August is too close to First
Notice next friday and it's trading much too wildl to take
a chance of getting trapped in a losing position with no time
to get out before FN
BONDS FALL, DOW DOWN, OIL THRASHING, EURO CHOPPING SIDEWAYS, YEN DOWN
Dollar slows its rise and slips a touch.
Nothing to see here folks, keep moving along.
INDICATOR MARKETS ALL MOVING LOWER, DOLLAR MOVING UP
Gold's last rise was on very light volume, so gold
will probably move lower now
WELL, GOLD DID GO UP OVERNIGHT, BUT NOW WHERE?
Leave it to the Crimex crowd.
Dollar tanking again, Euro up
Any guesses where the Crimex will take it?
Subscribe to:
Posts (Atom)
