Monday Drubbing

I have some nice charts to post but the site is having troubles letting me post them. Briefly, the downtrend line appears to be preventing any real rally in the price of gold on a short term basis. The 8hr and Daily bar charts have some support at the 50 unit MA. CCI over sold, MACD way down. PF decliened 3% for the day, my RGLD Short Put Long Call pay was profitable in the morning but now slightly negative.

I have to remind myself one of R. Russel's "important lesson" the most important thing you can do in the markest is take action. There is a big difference between thinking and acting.

More later, when the charts can be posted.
Thanks for visiting,