I hope all the longs have closed out - i got hit break even on friday and almost went long again.
i just never got round to putting another trade on so luckily i didn't get hammered.
I've kept my position open locking in some profit - i'll let the market decide where it will take me tomorrow - hopefully more of the same (fingers crossed).
unfortunately my capital was tied up going long on the dow - so i wasn't able to short gold like i said i wanted too...just as well - the dow did very well today
what worries me is when joe the dustman is investing in gold...
i think there could be more movement to go on the upside but be very careful of the pullbacks...when it happens it i reckon it will collapse...
i'm thinking there could be an amazing shorting opportunity some time this year...
hey folks - I've been thinking that a lot of people recently have been discussing investing in gold...
the frenzy reminds me of when the dot com bubble burst.
am i just being paranoid - maybe i should start shorting