Sunday, October 4, 2009

Gold



Gold has yet to really move into an aggressive breakout posture vs other currencies. However, it is trading over its 50 day average on most currencies after Fridays strong performance. One can also see it is an an area of strong support vs the stock market. I may try a long position here and see how it works out. If gold starts to gain vs. other currencies one can get more aggressive. Nonetheless... Friday was strong.

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