Gold and euro break.

Posted on Nov 03, 2013 by in Letters

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

Two breakaway gaps are enough to get us short gold again -- using GLL.  This is not the most conservative of trades.  Waiting for the break of the October low would be more conservative, but the gaps are notable and the volume is strong as will be seen at the link.  The stop is 1% over the October high

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