Sunday, September 25, 2011


So there are a lot of things I look at on different time periods. The one thing I want to point out is the Fibonacci levels of the recent sell-off. I'm not going too much into detail but it looks like the price is coming very close to respecting these levels as such I will be respecting these levels. Let us not forget that I am still short gold @ 1654 so I will be looking at the 1674 area (note I said area) to eat my hat. However, I look at many things before making a determination, this is just one of them. We will have to see what the price tells us. I'll fight a lot of things in life, but price is not one of them, it is after all the final arbiter.

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