Wednesday, July 15, 2009
Off to See the Wizard
so posting will be near non-existent for the next 10-14 days. Options expiration week jam job in progress to squeeze the shorts. More patience required for bears. Gold stock strength means GDX should bottom near top of 29-32 range. If GDX gets down to 32, bulls should start buying! Gold doing well but might need one more head fake down before we challenge the all-time highs.
Good luck and be like David Einhorn and Greenlight Capital - buy some physical Gold and dump your GLD ETF holdings.