http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p23550335056&a=203282120 This is a buy signal in gold. (And the other metals.) This may be the beginning of a blow-off. We would move our stops to 3% under yesterday's low. …
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p59476852126&a=203282121A few days ago we tried to play smarty pants with gold and silver by selling our position as it neared the resistance of the high. We said at the…
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119 We bought the Qs based on power bar across the trendline on dumpety bumpety down wave pattern. This is a trade, not a system or trend position. We also…
We are partially hedging our gold positions with GLL as this looks like negative developments to us. More patient traders will observe the Basing Point stop at 110.25.
Yesterday we pointed out that the upwave had ended and today the market wreaked vengeance on any traders who ignored that trendline. It is entirely possible that we will…
