Thursday, October 23, 2008

An interesting move in Gold this morning

click to enlarge

Gold went under $700/oz as a continuation of the last few days' market action, but then the reversal to $720/oz has been pretty quick and perky.

FWIW, I'm going to take the first real risk I've taken in weeks and add to my severely underwater JAG (bot yesterday at $3.30). My normal chickens*** attitude would have me bailing at a loss, but this time I say "Aaaah, what da hell...double down!".

So I've added at U$2.77. Average now a touch over $3.