Wednesday, February 14, 2007

Gold trade update

If you're still in this gold trade with me, good job. Without the beefer analysis and if one used hard stops, one would have gotten stopped out at the low. I flipped 1/3 on the poparoo three days ago & wish I had reloaded yesterday, but missed it. I thought I'd get it a little lower. For now I'm holding my last 2/3 position. A good chart reader says 695 is the next target for April gold. Sounds OK to me. Remember, for gold the operational tactic is "buy dips, sell rips".

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