Gold! Gold! Gold in California!

Posted on Jan 30, 2009 by in Letters

Thee is no assurance whatsoever that this is the beginning of the roaring trend, but the chart is littered with buy signals.  Our readers know that we feel this will be one of the great markets of the century.  We feel the stops should be exceptionally wide and that large swings in equity should be accepted.  Otherwise the manipulators will take you out of your position and then laugh at you as they gap it up.  

One way to do this is by lagging two basing points behind.  Another way is to set the stop below 68 and refuse to be dislodged.  There will shortly be a reaction to this wave so IF we bought here it would be a small bet.  And a new highs bet is not justified by the chart yet.

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