08
Jun
An Up Day to work off Some oversold Conditions
Written by Anna   

Hey Gang

Going to make this short and sweet. Today most likely a relief day for the bulls. Nothing goes up or down in a straight line. So we even have some casper prints to 107 area and higher, so it won't surprise me to see an up day.

I am still in the sell the rips camp and long gold. How long will the rally last? Could be a day or two, but don't be fooled it is not a long term scenario. 

My post on Sunday was that we might retest the 1040 area before really bouncing.  Now we did see 1045 in the overnight session so we might see some buyers step in.  The other scenario is we really test that low back in May and just might break right

through. 

Whatever you do be hedged, so you will not get hurt badly if your'e wrong. I always tell my subs to hedge hedge hedge!  

Good luck to all and look for that 1040 to hold or watch out! 

Love Peace Anna

 

alt 


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