Wednesday, July 7, 2010
This is what is scary about Gold
Although I like to have a broad portfolio with the fewest amount of stocks, and I would love to have Gold one way or the other, it's just not adding up. This chart looks bad for the Gold bulls. This doesn't mean it won't oscillate up and down a bit, but overall, I choose to ignore the trade at this point. It appears the path of least resistance in the longer trend, is down
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