Buying Swing: buying GLL at 9.81 OVERSIZED first reentry in
Posted: Fri Feb 19, 2010 10:30 am
Buying Swing: buying GLL at 9.81 OVERSIZED first reentry in GLL since exeting the bearish gold position few weeks back . Pre market GOLD was much higher before the CPI data tampered additional interest rait raising in the immediate future. but regardless am making a bearish stance here with stop at 9.70 . The CPI numbers show us that there is no sign that we will have interest ratio increases in the forceable future making this entry perhaps a bit premature, but gold has or late gained back its irrational levels in my opinion so strategy is to continue attempting bearish gold bets on more on any real signs of weakness.