A set up?

Posted by admin on Oct 26th, 2009 | no comments

We’ve seen what might be the precursor to a major shift in sentiment. Gold/Silver is still a key issue here as any stock market downturn would take the stocks down with them, but bullion? Seasonally we are entering a downturn period for gold, and late oct/early november would be good entry point. However if gold falls below 1011 then we might be in for a more substantial decline.

Therefore we will hold our positions but potentially enter into the short side soon for the general market, long dollar and potentially gold/silver short or long depending on how things develop..