Flushing off longs to turn short here
#1
Posted 02 September 2010 - 10:11 AM
#2
Posted 02 September 2010 - 04:01 PM
#3
Posted 02 September 2010 - 07:12 PM
Wow 980 is lovely but it may not come so fast.... yea i been clinging to gold for years it been close to ten years and i am not selling i think we see silver on a new record it's an unsung hero and many production require silver.The SPY volume today was insignificant compared to the swing points volume (less than60% lose of energy). I will wait for the number tomorrow before going short with ETFs expecting a long ride down to 980 for first stop, but generally down.
I am long bonds from this level expecting 143 as a possible top.
I sold gold today and will short it in the next week. Keeping silver for a while, but I have a core position I never sell.
Caution is due. Asia is behaving strangely, Shanghai seems to want to go higher, but no future in its rally.
Must be the dog days of whatever.
Islander










