That's because today's line (green) is doing the LittleEngineThatCould and trying to huff'n'puff its way up. I know that there are plenty of other expecting a gold downleg here, even respectable voices such as Lucas at Trend & Value (who's been nailing calls left, right and centre recently...if you trade via charts he is required reading) but we're going to ignore all those people today. I'm long GLD and JAG and I'll be doing a funny dance in front of the screen shaking pom poms about and wearing a rah rah skirt over my chinos (but don't tell the wife...she worries).Thursday, November 20, 2008
Chart of the day is............
.....spot gold, ripped straight from Kitco
That's because today's line (green) is doing the LittleEngineThatCould and trying to huff'n'puff its way up. I know that there are plenty of other expecting a gold downleg here, even respectable voices such as Lucas at Trend & Value (who's been nailing calls left, right and centre recently...if you trade via charts he is required reading) but we're going to ignore all those people today. I'm long GLD and JAG and I'll be doing a funny dance in front of the screen shaking pom poms about and wearing a rah rah skirt over my chinos (but don't tell the wife...she worries).
That's because today's line (green) is doing the LittleEngineThatCould and trying to huff'n'puff its way up. I know that there are plenty of other expecting a gold downleg here, even respectable voices such as Lucas at Trend & Value (who's been nailing calls left, right and centre recently...if you trade via charts he is required reading) but we're going to ignore all those people today. I'm long GLD and JAG and I'll be doing a funny dance in front of the screen shaking pom poms about and wearing a rah rah skirt over my chinos (but don't tell the wife...she worries).