Posted by junkmaylbox on 20th of Feb 2009 at 11:18 am
The $gold is topping today, it bounced off the $1,000 per ounce.
I don't see much upside for $gold here, it must consolidate first
to make new highs. I am willing to lose 5% on this trade if I am
wrong here.
Posted by dallassteve on 20th of Feb 2009 at 11:25 am
I'm with you. Thanks for posting your thoughts. I
guess I qualify as a gold bug, but gold needs to consolidate
here. Matt did not tell anyone to short gold, but he has been
talking about the gold pattern for a few days, and the
charts are very clear. I think it is not Matt's style to give
a recommendation. If we are not smart enough to read a chart
when he puts it in front of us, we don't need to be trading.
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GDX:GLD ratio
Posted by junkmaylbox on 20th of Feb 2009 at 11:18 am
The $gold is topping today, it bounced off the $1,000 per ounce. I don't see much upside for $gold here, it must consolidate first to make new highs. I am willing to lose 5% on this trade if I am wrong here.
I'm with you. Thanks for
Posted by dallassteve on 20th of Feb 2009 at 11:25 am
I'm with you. Thanks for posting your thoughts. I guess I qualify as a gold bug, but gold needs to consolidate here. Matt did not tell anyone to short gold, but he has been talking about the gold pattern for a few days, and the charts are very clear. I think it is not Matt's style to give a recommendation. If we are not smart enough to read a chart when he puts it in front of us, we don't need to be trading.