More of the same…

Posted on Aug 19, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p63778548360&a=420770660

Never ones to stick around when unwelcome we fled from our shorts in gold and silver.  Honestly it makes you think you ought not to do anything until this sidewave is done.  Our retreat from the metals is based on our insistence that trades go well from the beginning, or be left to the gents in Macau.  This is all a very refined lesson in how important the state of the market is, and the present state is somewhat like an irritated porcupine.

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