Wednesday, March 26, 2008

Countertrend Gold Trade

Gold is getting interesting as a short term play (bearish) that is counter to the longterm trend (bullish). If light volume continues on the up move, I will enter one of the weaker stocks.


FeirFactor said...

I don't think volume has been that light in the GLD the last 2 days. Why do you say it is?

The Market Speculator said...

Because the last few positive days have been lighter than the preceding down days.