Alesund, I feel the top is close. That is why I said only use 1/3 position right now because we could have gotten a last leg up(like today) to add to your short. This way you WANT gold to go higher for your better price. This is basically fear buying right now. The fear has not been this bad since 9/11.
Hi Jim,
ReplyDeleteCan you elaborate on what you are seeing? I am seeing a top this week with a sharp decline until at least the first week of September.
A
Alesund, I feel the top is close. That is why I said only use 1/3 position right now because we could have gotten a last leg up(like today) to add to your short. This way you WANT gold to go higher for your better price. This is basically fear buying right now. The fear has not been this bad since 9/11.
ReplyDelete