Friday, November 21, 2008

Gold

Yesterday morning I Posted that Gold had consolidated so much near 745 it was worth considering long straddles there. Well today it is breaking out to the upside, and if most of this move can hold, it shifts the outlook considerably to the upside...820. I will watch for a good long futures trade and Post it asap.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results