Replies to post #9710 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[MetalFillBoy]

Yes.

I have a 1/2 position now. If I see support lost at 35.51, then I will sell, and then wait to see where it bottoms next. If it goes up from here, say break above 37.25, I might add another 1/2 to the position. That is the plan for now; it will change as the markets change.

Keep an eye on TLT for some more clues on what is going to happen next. TLT has not broken down yet, but as tocotuga pointed out, most parabolic moves up do not end pretty. I also think he had a $105 target on TLT if/when it break down.

Again, good luck!