Posted on December 14th, 2009
Some people have expressed some concern with my lack of updates recently. Well to keep it short, everyone fell in love when I told them to sell at $1180, so I can understand My position has remained a SELL since November 24th, so I figured there was no need to make any update. Today I’m moving into a neutral position which should turn into a BUY sometime in the second half of this month. Gold is approaching the 50-day MA and I can’t really see gold falling below that. That being said, if gold falls below $1120 I’m a bear and if gold moves past $1145, I’m a bull, whichever comes first.
Enjoy trading everyone!