SPDR S&P 500 (SPY): Foot, I have read on other takes that be...

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Re: Footquarters post# 46429

Tuesday, 04/08/2008 10:45:06 AM

Tuesday, April 08, 2008 10:45:06 AM

Foot, I have read on other takes that between March - June it's traditionally a weak time/season for Gold. So I am trying to decide whether to short it. Plus the selling of 400 tons of Gold by the IMF. But this is just a really short-term trade. Also, this GLD chart shows the rejection at the 50EMA.

I'm pretty sure Gold will bounce back/bottom at the 200EMA, $825 because the dollar just keeps on losing value, and Bernanke is probably going to cut another 25bp, etc.

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