Gold Pigs Update

So, if you are subscriber I take it you were watching that sell net-line on COMEX gold I posted yesterday:

Sure enough – after going completely exponential it’s now time for a good ole’ long squeeze. I can literally hear the gold piggies squeal in terror. See children – that’s what happens when everyone’s sitting on the same side of the bus 😉

Now technically it would have taken a ‘close’ below the NLBL but if you have ever traded COMEX gold then you know how this beast can move. And one tough lesson I learned (the hard way) is that you don’t overstay your welcome after a quick drop like this. We are now heading into support – first in line is the 25-day SMA at around 1720. You probably want to be out if we get there although it’s permissible to hold a few lottery tickets for a visit of 1600, especially if there is no buying at the 25-day SMA.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber member then don’t waste time and sign up here. The Zero indicator feed also offers access to all Gold posts, so you actually get double the bang for your buck.

BTW, that power outage lasted several hours and I had to get up in the middle of the night to get my entire network up and running. So I’m a bit out of shape right now but will parse for something intelligent to comment on before the session closes.