A second bite at the apple…Gold problems

Posted on Sep 12, 2013 by in Letters

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372

We shorted gold based on the downgap.  A trade rather than an investment. The August buy signal canceled by the retreat and gap constitute that phenomenon technicians regard as a high probability trade -- signal- canceled signal -- new signal in the other direction.

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