Monday, December 9, 2013

GLD/UGLD Equity Gold Positions

There's some very short term negatives in gold, negative actually 1 min, other than that, for any equity based gold long, I'd hold tight, there are some very strong signals Gold is coming out of a head fake move and a reversal process to the upside.

In fact, if I had an interest in gold and didn't already have an open position, I'd be looking for any price softness to look at a long position.

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