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

To: Kirk © who wrote (46945)	3/8/2013 10:36:30 AM
From: GROUND ZERO™	Respond to of 218639

I still think gold could surprise everyone and take off again... I covered my short gold and silver this morning and went long the gold... I'll put something on gold together and post it... LOL!!! Well, I sank the market for one day, then I decided to buy that afternoon and the next morning while on board... I just closed it all out this morning... GZ

To: Kirk © who wrote (46945)	3/8/2013 11:04:30 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218639

Here's a longer term weekly gold futures chart... you can see the market is now sitting right on the long term support line and has also returned to test the earlier break out wedge, although it could still move down and test the 1500ish level according to that upper wedge line... so now we wait and see what it does... despite the recent strength of the dollar, which may continue higher, I think long gold here just might be worth a stop somewhere below the market and "hope" it doesn't break that support line... GZ