OffTheFloorTrader

Choo Choo...Goldie express is out of conrol

COMEX:GCZ2015   Gold Futures (Dec 2015)
This is why you take your stops in Gold and smile. When Goldie gets running, she is a freight train going down hill. Gold has been taking stops and eating the gold bugs for lunch (and dinner). This market is clearly weak. We are wanting to get positioned short on bounces. We will be looking for the Trigger Zone on the weekly chart. If Goldie takes out the July lows then $1,000 is on the radar screen. Keep Goldie on your radar screen.
Penafian

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