Saturday, August 20, 2011

GGGOLLLLLDD FEVER!!!!!!! getting overbought bad........

Ok, gold is peaking.... oh what a ride it has been... it broke out of my channel on Fri. So it is time to start picking up some short's on Gold .  I would see what happens Mon. morning.. but Its momentum is heavy... and it could reach $2000. I will try to run some Fib retracements and post a chart... if I have time.. but ... when it turns it should fall hard fast .... and for at least 2-300 dollars ...we should be able to make some good cash to the bear side...silver 2X inverse silver index is ZSL  gold 2X inverse is DZZ or 1X inverse is DGZ ... have a good wkend ...L   OK, UPdate already went to visit over at Channels and Patterns... Springhill Jack has the gold charts and are they swwwweeeeeeeeeeeeeeeeetttt.... along with his awsome S&P charts.. so go over and check it out... http://channelsandpatterns.blogspot.com/

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