is gold leading the sell-off?

Discussion in 'Trading' started by random flyer, Jan 28, 2011.

  1. garbar

    garbar

    Gold is just about finished correcting. It's a buy on any tiny pullback and hold for swing. Ditto oil. Any pullback will be a temporary one. It's a good swing vehicle these days.

    The Egypt thing is just an excuse. The market was extending and needs a bit of a rest. 2-3 weeks and we could be back on the way up. Of course we could see a bigger pullback but look at the trend. Into the top right of the chart. Tough to guess when she's done.

    Anyone here think the Fed is done inflating? Then why would stocks do anything but go up? That said, the EURO does seem to be topping but that says more about them than the USD.
     
    #11     Jan 30, 2011