Friday, May 29, 2009

GOLD WILL TURN AROUND AT SOME POINT, BUT DON'T SHORT IT, OR YOU WILL GET WIPED OUT!

WAIT FOR THE REALLY BIG DIP TO BUY IN!
Gold is moving way too fast for any but the most
experienced trader. And even then, it is a deadly
game if you are not lightning quick to buy and sell.

The best plan is to buy cash only and just hold.

Traders can buy a contract with LOTS of margin money
behind it on a good dip, and let it ride.

Close stops will almost definitely be hit and guarantee
you wasted your money. Taking profit too soon, will
cheat you out of enormous profit per contract for the
rest of the year and longer.

GREED WILL KILL YOU!