Garland Greene: What if I told you insane was working fifty hours a week in some office for fifty years at the end of which they tell you to piss off; ending up in some retirement village hoping to die before suffering the indignity of trying to make it to the toilet on time? Wouldn't you consider that to be insane?
Back to gold – quite an impressive bounce once again off that now famous grey area and weekly TDST (blue horizontal line)
I have no position and I will be watching 1235 (red arrow) and if it gives – 1253 (green arrow) – why you ask? because I think if it will go above 1250ish it will signify trend change in spite of all those self important “gold goes to $600” false prophets.
I might take a quick short at 1234, but I do not put too much hope in that trade and no matter what it will be short lived indeed.
I am still in vacation mood, sitting on sidelines (leaving Jan 1oth with my friend who has photo shoot in St. Thomas – and I jogging along for all the goodies unmarried man might have having such friends LOL ).