Friday, May 1, 2009

11:45AM PDST GOLD RETRACES 75% OF THE BIG MOVE UP AS EXPECTED


But, will it move back up now?
Gold may still move lower, at least to the bottom
white uptrend line.
I think, and hope, it will fall some more so I can
make something on my short leg in August gold
that I had to put on as insurance while I was gone
this morning. That one cost me thousands in lost
opportunity, as I would have put the short on at
the top of the $7 runup, then made money on the
way back down. Double Drat!