Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Monday, February 8, 2010
This week in Charts
I may not be able to make blog posts between now and Thursday. I have quite a busy schedule. I did lighten my shorts, and put some stops on, to make sure I don't lose any short gains while unavailable. Overall I will still keep some shorts on. Buying GDX here is probably a good play, I'll start to add a little, but be sure to set a stop-loss. I still think gold has more correction here, but I also hate to sit out completely if the train is starting to roll.
Gary of the smart money tracker seems to be positioning the gold bull is resuming. I can't completely diversify that the stock market rallied over 70% just 11 months ago's low. And that a greater correction has to occur.
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