AI
Tuesday, October 05, 2010 8:24:15 AM
Gold (GC) chart
Gold hits a new high of 1330 overnight, breaking up out of the rising wedge formation. Looks like the pullback I had posted about was more wishful thinking than anything. I shoulda known after hearing a couple of other analysts looking for the same thing. It was pretty much guaranteed to do the opposite of what everyone was thinking, and I suspect most everyone was thinking what I was, which is a good enough reason to fade the majority opinion. Oh well, it just makes my CDCH/MDMN investment that much better
Gold hits a new high of 1330 overnight, breaking up out of the rising wedge formation. Looks like the pullback I had posted about was more wishful thinking than anything. I shoulda known after hearing a couple of other analysts looking for the same thing. It was pretty much guaranteed to do the opposite of what everyone was thinking, and I suspect most everyone was thinking what I was, which is a good enough reason to fade the majority opinion. Oh well, it just makes my CDCH/MDMN investment that much better
(Formerly known as "Richagain") My posts are my opinion and are subject to change without notice. I accept no responsibility for anyone who chooses to take any action based upon anything I post.
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