Flag chugs on… in gold and silver

Posted on Sep 14, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=5&dy=0&id=p96388783504&a=255869372

Strangely, and rarely seen, the metals markets roared on in spite of the implications of the flags.  We bailed on our shorts and got long again.    It is clear the mood changed today, thanks to the Fed.  No surprise.  Continuation of the trend.

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