Thursday 20 October 2011

Waiting game

Gold failing to glister
The DJ market is now back inside the channel and I bought more short ETF late last night. Perhaps a bit more later tonight.

But that does not make up for the dive in gold and silver. Very painful, not because of the fall but because of my heavy exposure. The question is whether this a fall or a continuation of the consolidation pattern. This is a very hard period to trade because there is no trend. Tricky to make money. Tricky to judge what will happen next. A horrible waiting game.

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