Watch Gold

Hi Folks,

I am looking for GOLD to move higher here. That is why in my earlier post I said not to short GOLD but to exit your long. However I am not suggesting a new long position other than to day trade on the long side. We could see new short term highs(meaning above ($112) over the next 2 weeks. However, this should set up nicely for a short in GOLD after this move. I will post when I see this short GOLD set up. Again I do recommend using the double long or double short ETF's to maximize these moves.

Thanks and Good Trading,

Tim Winters