Friday, August 15, 2008
5:14AM PDST GOOD MORNING GOLD BUGS!
TODAY'S REPORTS:
Industrial production
Consumer sentiment
Quite and interesting trading day yesterday, and certainly overnight,
as gold falls in a very erratic fashion, on light volume, until around midnight pdst.
Then, while I was asleep, it falls to a very odd number 7777, and has been rallying
ever since...so far a 20 dollar rally since 1:30 am pdst...
Now, as gold enters New York, a brief sell off begins, but is aborted 5 minutes before
the NY day session opening.
I should be very busy again trading to protect my long positions much, much higher than here.
This all will be history soon, and gold will be much higher than before...
So, no griping that your CASH GOLD is now less than you paid for it!
You haven't lost anything unless you SELL IT!
If you do sell it, you are a dummy!