Tuesday, September 21, 2010

9/21 3:40

Covered 1% DJ futures at 10,680 based on the trendline and brown line on the following chart:
I'm still short 1% DJ futures, looking to short again higher.


  1. Steve

    I've got us going to: next stop 10120.

    Jack C

  2. Steve, I was away last week, so I just looked at your trade history spreadsheet and see that you closed your short gold position last week.

    What's your current thinking re gold?


  3. I finished some work on precious metals that I've been chipping away at for some time. It's an I1 for PM

    This gauge has gold bullish into November. I believe sovereign debt will blow up European banks and gold should benefit. I'm not going to buy it because the counter-current is declining stock markets.