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Friday, December 11, 2009

Gold gets a bid


You knew that was going to happen--since Gartman thought we could wait until $1025 before buying!

But you need to take down ABX if you want to play gold. It has corrected the most of the majors. And now that gold is starting its rally back, it has the most to gain!

The gold bugs are getting ready to sing "We're in the Money" again!

1 comment :

Anonymous said...

Palmoni:
Getting creamed on my calls on GDX and UGL as I entered the positions on 8th ( gold at 1145 approx ). I knew that gold will be manipulated down since Goldman's call of gold to 1500 arrived. DZZ in retrospect would have been a bold and beautiful short trade.Too greedy I guess. Still doing ok on UPRO
Burntout