Wednesday, July 21, 2010

Exit GLL Trade Today

Gold is not moving down as fast as it should if a new downtrend has started. And the hourly chart on gold is now coming off a nice bullish divergence. Also, many individual gold stocks look to have completed false breakdowns with nice reversals higher. So let's exit the trade and put this idea on pause.

Trade Action:

Exit the open GLL trade today with a market order. Blog exit price is 41.10.

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