We are already in the “silly season” and what I mean by that is after December 15 most traders are not serious about the markets and they’re not committed to any large positions for the balance of the year.
I've had a number requests to do a video on gold, so here it is. As you will see in the video, gold has fallen back to an area that should provide support, however it will remain choppy and thinly traded for the balance of the year.
I strongly recommend that if you're not in gold, to wait until we see more interest and activity coming into 2010.
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Enjoy the video and let us know what you think on our blog.
All the best,
One thought on “It's Official Silly Season for Gold”
This is good video. I am customer since 1 month and fan of your trade triangle. My problem is applying the knowlege in to practice. I think i will learn as time go. So far I have made $2000 in realized gain and I am holding unrealized gain of $2000(due to lack of placing stop). I still cannot exactly figure out what type of trader I am, but I like to trade short term and make money using your system. Please give me your thought on my this situation:
I have bought GSS 2000 stocks(Margin free) at $4.32 about 12 days ago with intention to make money in a week period considering current situation at that time. Due to lack of time and my ignorance(may be emotionally attached or greed) i didn't put stop on it. Now currently all traingles are red except Monthly. How would you be reacting to this if you was wearing my shoes. Do you think long term hold(3 months) worth while. I don't know much about company's position.
Please let me your thought about it.
Thank you very much in advance and have wonderful holiday season. God bless whole world.
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