Tuesday, April 13, 2010

8:20AM PDST GT IS BACK UP

Sorry folks, GT is having problems today.

I have several doctor appointments today for an upcoming shoulder surgery and my back is out and hurting a good deal.

I was up most of the night watching this crazy market and could not make any sense of the way gold was trading so, after an hour sleep just before the Crimex was too open, when the alarm went off, I just turned it off and was going to catch  a few more much needed minutes of 'eye rest'.

Well, it's obvious that the minute I decide to sleep, that's when the market takes off, so I missed the overnight run up (which I would have been too aftraid to trade anyhow given how crazy gold was trading previously) and this morning's sell off.

You just can't predict any but the shortest moves in a manipulated market, so don't try. Just take your profits out of some of the more predictable short term moves and be happy.

Better yet, just buy your cash gold at any of the steep sell offs and take a long nap while waiting for the whole system to collapse.

I will post a few charts until I have to leave for the day for my doctor appointments in a few hours.

It's raining a bit here today and my truck is in the shop, so I will have to ride into town on my deluxe Harley.  I have all the proper rain gear, but it's still just one more thing to complicate my day.

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