Sideshow Bob
A Lesson in Gold Trading by Sideshow Bob
Submitted by EB on 10/07/2009 10:41 -0500Veteran gold traders can attest that piling onto breakouts, especially in highly leveraged futures, can quickly become a losing proposition on a reversal. While yesterday’s surge in gold was confirmed with gold priced in other currencies, there is a slight seasonal negative at work here until the end of October. Traders should recall that the second week of October 2008 began a painful slide after a strong September...
