January 03, 2006

Gold at 533

Awesome move in Gold to 533 this morning. Selling another quarter of the positions I picked up around 507 and will use trailing stop on the rest in case we continue straight to 600.

Never can tell.

The US dollar is very weak against the Euro. Have not checked the news, but who cares. The trend is strong and the US government keeps printing money. Until a policy change happens, Gold remains a buy on any weakness.

AEM, NEM, GG, CEF - getting extended and that is why I am booking profits on partials.

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