Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, November 13, 2009

I hate gold

You can't read a blog these days without running into a gold chart... I saw something and wanted to look at targets? and this is what I came up with, Sure the second higher one is similar to the Inverse head and shoulders.... and I very much doubt it.... but from what I'm hearing, anyone bearish is just looking for a pullback.... So maybe it's a top. but seems due for a pullback..


Now! I'm trying to remember if I've tried to call a top in it before. LOL

I would strongly suggest some kind of intermediate pull back... who the hell knows beyond that.

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