More gold weakness being exhibited because it
did not move higher quickly enough. That, plus
the manipulation now inherent in this market and
the added pressure by our lovely guv'mint in order
to save themselves from being hung.
Even though gold has made some headway
back up, overall gold has been very quiet in the
last two days. Colin Twiggs, a chartist in Australia,
shows that gold is at a very tenuous area that could
break lower and test $700. NOTHING surprises me
anymore, after getting wiped out five years in a row
hanging on during this time of year, BELIEVING that
gold could NOT go as low as it eventually did.
So, be very careful here. I'm waiting for a low to buy
June contracts that I can hang on to for the eventual
rise into the end of the year and beyond.
I also put ALL MY FAITH in Jim Sinclair's judgements
and LOST. He is correct in the long run on where gold is
going, AND he is correct in NOT trading futures, but
rather ONLY having CASH gold. But, he has seldom, if
ever, admitted to being overly bullish just as gold takes
a huge dive this time of year every year for the last five
years.
DON'T PUT YOU FAITH IN ANYBODY BUT YOURSELF,
EVEN ME. Only do what you are able to do with the most
security as this is no time to be losing your money.
