Wednesday, July 12, 2006

Gold 642 safe up move to 677 in play


Well, not so safe, but that is a good thing, how often do you question your decisions or suppositions on the markets? I for one am the best indicator as whence I should be buying, I have in the past sold. Once you can read and act on the opposite of your emotions you will be rich, how profound.

As for today's gold market, its 5 am eastern and we are trading above 640, how far that seemed away $100 bucks below. How scared were you, did you hold, did you buy?

Here's one of my favorite reads on Gold, please note my pivot calculation below. 677 is a done deal for now.

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