GLD. SLV. Sell signal. Scaling out of S&P…

Posted on Oct 19, 2010 by in Letters

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

All gold does not glitter -- or, how does it go?  However it goes the downgap is a trader's sell signal.  Is there some fundental developent which provokes this action?  No, it's just traders taking profits -- and tired of a one way wave.  This is a trader's signal on our part.  The trend signal is in Tierra del Fuego (vactioning with Lady Gaga).

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