Gold to Be Sold

I still like the shiny metals, but I am a seller of my SPDR Gold Trust (GLD) calls this morning. After GLD made the retracements that I was searching for, and after my entry posted on March 28, which outlined my thesis, GLD has now reached my target of $127.

I'm split on the chart right here, as to the next move. I will step aside for at least the remainder of the day and then re-evaluate the precious-metals market and its relationship to certain currency and equity moves. A sale today does not mean I won't be right back long tomorrow, but it does mean that a trade thesis came to fruition, and I have no current reason to be involved right now, as I lack a current thesis....270 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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