July 1, 2009
Aaaaaaaagh, Sell Short Gold @ $92.42
Duc, 1) why can’t it be a reverse H&S?
2) does it mean Deflation wins after all? oh horror
Kat,
No I agree, it is a reverse H&S. I simply don’t trade that pattern. Having said that I’m not a convinced short-seller by any means.
In a deflationary environment, there is no reason why gold should rise. That’s the simple answer. The complex answer I might write a post on.
However, that is in theory. In reality, in the short-term, theory means little.
jog on duc
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July 1, 2009 at 6:05 pm
Duc,
1) why can’t it be a reverse H&S?
2) does it mean Deflation wins after all? oh horror
July 1, 2009 at 8:10 pm
Kat,
No I agree, it is a reverse H&S. I simply don’t trade that pattern. Having said that I’m not a convinced short-seller by any means.
In a deflationary environment, there is no reason why gold should rise. That’s the simple answer. The complex answer I might write a post on.
However, that is in theory. In reality, in the short-term, theory means little.
jog on
duc