Friday, July 4, 2008

Gold Technicals - ready to run to 1500 now imo

This view is aligned with:

1) Fundamentals -- move to financial assets with no counterparty risk.

2) Committment of traders on the CBOT -- formation bullish

3) Big Bull since 2001 -- They say the trend is your friend.

We need to design a trade that takes advantage of a *possible* move to 1500 for gold, taking in consideration the fact we can be wrong. the next post will consider such a trade.

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