Friday, November 27, 2009

Time to Bail Out on Gold

Dear Readers,

I am recommending to exit your long positions in Gold and the US Equity Markets. This is the beginning a short term pullback that I mentioned in my earlier posts. I believe it would be prudent to exit the longs and wait for the next opportunity to get back in. I still believe we may see new highs by March 2010 but for the time being it is best to be out or carry a small short position in Gold.

I will keep you posted.

Thanks and Good Trading

Tim Winters

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