06 October 2010

Gold : Parabolic Rise

  • Gold chart in parabolic takeoff (moving averages opening up, price far away from either).
  • Took 20% of position off at 1344.
  • When it goes vertical, always a good idea to book some profits along the way; something that I did not do enough of with the lovely corn position, resulting in eventual capture of only about 50% of the move (be happier with 70%-80%).
  • Reports such as are now mainstream.

No comments: