Tuesday, January 15, 2013

What are Hedge Funds Doing with Gold

Regardless of what the talking heads are saying, and remember they mat be right, I would still wait for the sign of strength in gold before committing funds. It is a lower risk strategy and you have a higher probability of avoiding trying to catch the falling knife.


There just is no sign of strength here yet. Volume has been weak to the upside recently as the price of the GLD trades into the mid-December downdraft.


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