Saturday, January 23, 2010

Long Gold again, finally

I closed all trading shorts on gold last Friday and went long again. Sure, gold could go to $1040, or even $1000. That means I will have to buy more when that happens. But for now, the crowd seems to be cheering the demise of the precious metal, like they cheered the rally into $1200 just a little over a month ago. Who said it's easy to be contrarian?

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