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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (38886)10/12/2012 2:03:05 PM
From: Keith Feral  Read Replies (1) | Respond to of 220776
 
Gold is a great example. Everyone leaned hard into gold on expectations for QE3. Now, they are slowly dumping their profits. Another week, the selling probably gets overdone and sets up a nice rebound.

I wouldn't buy gold on the pullback yet, which is how I characterize the market. Pullbacks within an uptrend.

The only major uptrend that I see at risk at the moment is oil prices.