Buying the Qs, selling the gold.

Posted on Sep 02, 2010 by in Letters

We bought the Qs based on power bar across the trendline on dumpety bumpety down wave pattern.  This is a trade, not a system or trend position.

We also sold the gold  (and the silver).  Why would we do that, when we have basically been long gold since 2003?  Once again this is a trade, not a systems move.

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