Sep 022009
A rather spirited performance by gold today, huh?
Big move. Big volume. Breaking out of a long sideways pattern. Entering a period of seasonal strength. What’s there not to like? As the old Wall Street adage goes, there’s always a bull market somewhere.
Where does it go from here? Ah, that would be predicting. I don’t do that. I can’t predict a future that doesn’t exist.
You go with what’s moving. You set your stops. You size your position properly. And you let it go as far as it wants to go. We shall see.
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[...] attracted the usual attention that anything receives when it makes a big move. And as I noted in a previous post, the action began on Wednesday. There was another advance on Thursday. There was a minor attempt at [...]