Gold rush.

091207gldA 30 minute chart of gold.  Today might be a reversal day, based on this chart and the daily chart.  But buying here is only for the most aggressive traders.  Without lifting our major hedges we are making very small buys in our CANE&M acct.  These will be tightly stopped.

The rationale is that a tight downtrend line has been broken, but note that  the 30 minute basing point is not taken out.

The patterns are the same for SLV and PGM.

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