We are already in the “silly season” and what we mean by that is after December 15 most traders are not serious about the markets and they’re not committed to any large positions for the balance of the year.
We’ve had a number requests to do a video on gold, so here it is. As you will see in the video, gold has fallen back to an area that should provide support, however it will remain choppy and thinly traded for the balance of the year.
We strongly recommend that if you’re not in gold, to wait until we see more interest and activity coming into 2010.
Just click here to watch the new video and as always our videos are free to watch and there is no need to register. Please take a minute to leave a comment and let us know where you think Gold is headed.
Good trading,
Ray C. Parrish
President/CEO
The Crude Oil Trader
Share
No comments:
Post a Comment