Monday, August 22, 2011 9:59:25 AM
Wed expressed my opinion of a near top by selling 4 1oz gold coins on wed... so yeah, I think that's toppy but I am a gold bug at heart. I don't think gold market can get bad ...that flag I drew on gold could resolve in 2 months and that would be with a retest of 1650... then off to the races.
I have as much invested in GDXJ as I have in physical gold left-worth of miners... not including TLR, a big losing position on KATX and I think at least 46188 shares of PCFG that is averaged in so that position is down only $212 as I type.... could have sold but didn't... not quite ready... miners are going to explode... i drew up gdx charts because gdx went out to three years and gdxj only goes out 1.8years... gdx has a broad channel to break out of, gdxj has a bearish falling wedge, which if it breaks the diagonal resistance it goes up monster.
I have as much invested in GDXJ as I have in physical gold left-worth of miners... not including TLR, a big losing position on KATX and I think at least 46188 shares of PCFG that is averaged in so that position is down only $212 as I type.... could have sold but didn't... not quite ready... miners are going to explode... i drew up gdx charts because gdx went out to three years and gdxj only goes out 1.8years... gdx has a broad channel to break out of, gdxj has a bearish falling wedge, which if it breaks the diagonal resistance it goes up monster.
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