I am pessimistic about gold moving higher
right now. The trading action looks weak to the
upside at the bottom of the pull back.
May go lower. Dollar is up to .8952, Euro falling,
Bonds up, Dow off 121, Oil trending lower.
Better to just stand aside and wait for a big dip to
buy in. DON'T TRADE JUST FOR THE ACTION!
Sometimes DOING NOTHING is the best action.
Those who trade for the excitement of the action...
ARE SIMPLY GAMBLERS, not traders.
