04 October 2011

Gold : Gone Short at 1670

  • Wiped bad memory of "almost champion" trade at 1893 out of my mind now.
  • Fresh perspective, baggage free view. Just sold at GCZ1 at 1670.
  • Monthly : A healthy bull market does not put in large reversal candles like the one we just had in Sep. This is at best sideways. But I think its going down. Also in the back of my mind is the example of the recent silver bubble burst. Expect the gold candles to trace out a similar path to that of the silver crash. Crowd behaviour never changes.

2 comments:

Taichiseal said...

-1644

Taichiseal said...

+1601.4

Squared half.