Sunday, September 2, 2012

The Short Week Ahead.

Thank you Ben! The reversal on Friday gave me a positive week.  I was slowly getting chopped up by my sell stops and deflating call options and then boom went gold, silver and the miners.  Of course most everything moved to fib lines and double tops to make next week a bit trickier for follow through.  But we can assume the market is now on hold again until Ben and Draghi pontificate this week and next.  If no overt QE, this market is toast until the election.  If so, gold goes to last years highs with the miners and silver along for the ride.  Below are some charts.

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