Friday, February 2, 2007

Bought some Gold

I added some more gold this AM (April E-futs) on the pullback from yesterday's poparoo. This is just a trade, but it looks like the funds was to own more gold. A good chart guy I read says 685 basis April is the target. I'll add my last 1/3 for the trade if we pullback to around the 9 DMA (9 day moving average - simple MA). I will probably sell on a close [NB "close"] under the breakout line or if something else changes like the chart pattern.

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