Too clever by half…buy signals in the indices and metals

Posted on Oct 06, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p23550335056&a=203282120

This is a buy signal in gold.  (And the other metals.)  This may be the beginning of a blow-off.  We would move our stops to 3% under yesterday's low.  Depending on your appetite for risk (or desire for profits) this would be an add on place.

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p23550335056&a=203282120

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