Gold – Take Profits Now!
Gold – Take Profits Now!
If you are a sub you probably remember my point & figure chart on gold I posted a few days ago:
That was warning No. 1 – I then followed up with this on the 18th:
Well, the train was about to leave the building and I hope you sold a contract or two (or played GLD puts). Our bearish price objective was 1690.
Well, we’re at 1640 now and thus it’s time to call it a trade – get out now – we have banked enough coin. And as I’ve said – i’ll drag you rats kicking and screaming into learning how to trade P& charts. The pay off is worth the effort.
Have a great weekend!