Commodity Sell Off…

Tough day to be long GOLD.  It has taken out the 1437 that I wrote about last week.  As predicted 1300 could happen real fast.  I would not be surprised to see GOLD get to 1309 by tomorrow and then take a breather.  That would erase the the 2011 gold rally.   We should find some support around 1300.  We will need to test conviction at 1300 otherwise 1145 is the next stopping point.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.