Tuesday, September 8, 2009

Booking another 45% in Gold

A weak close on NY markets doesnt bode too well for the bullion market. Asian investors will wakeup to see the Gold crossing 1000 and coming back in and the knee-jerk reaction would be to book profits.

We are taking another 45% off the table, leaving just 20% to run.

We wont be surprised to see gold in 980 range tommorrow AM EST.

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