Gold. Juggling hot potatoes…

Posted on Dec 08, 2009 by WHC Bassetti in Letters

We closed our gold and silver longs put on yesterday, meaning we presently expect more down or bottom formation here and in the metals.  As we said it was aggressive -- too aggressive, but that is what happens when trying to catch bottoms.  Don't do it.

In fact there is no tradeable daily pattern in these markets as yet.

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