Also the below chart has closed back into "trend change" territory which suggests at least sit out on the sideline for now... this of course is just my opinion and is mostly likely wrong.
Wednesday, June 6, 2012
Forget it the pm's are massively bullish...
Was expecting a smash and grab style plunge into the 1300ies in gold but apparently it's not trying to hear it. This pattern failure suggests massive price support to the upside. I covered all short positions and flipped long into October time frame gold via NUGT and copper via JJC... staying away from equitites...
Also the below chart has closed back into "trend change" territory which suggests at least sit out on the sideline for now... this of course is just my opinion and is mostly likely wrong.
Also the below chart has closed back into "trend change" territory which suggests at least sit out on the sideline for now... this of course is just my opinion and is mostly likely wrong.
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