Saturday, January 26, 2008

Goooold, I love Goooold... DO I?

(GLD) is flushing sell signals as I type, sell signals moving up from daily to 2,3 and not far off that day when it'll shine on weekly.
Too late to go long ( especially with long awaited upcoming strength in once mighty US dollar )
It might be slightly early to short - but it sure is time to get ready.
And - for the love of money - stay away from gold miners, especially if you are not fast enough to pull the trigger - the only way to describe fallout of gold miners when gold will go down is "The Domino Effect"