Gold today broke out to a new all time high of $1433. However, as of today, it has only just broken above its 4 month trading range referred to in the earlier post. This alone is a very bullish sign. Further adding to its bullish stance is that fact that today's big up move of $22 occurred in the face of a sharp sell-off in the general equities market. All in all, today may be the start of a big move up, with gold finally breakout out very strongly from its 4 month hibernation. Currently (as of 2/1/11) long UGL, AGQ, GDXJ. Took a short position in EEM on 2/27/11. Also went long bonds (TMF) on 2/28/11
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