Paul J Singh

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Countertrend Gold Trade

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Paul J Singh

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Gold is getting interesting as a short term play (bearish) that is counter to the longterm trend (bullish). If light volume continues on the up move, I will enter one of the weaker stocks.

2 responses to “Countertrend Gold Trade”

  1. FeirFactor Avatar
    FeirFactor

    I don’t think volume has been that light in the GLD the last 2 days. Why do you say it is?

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  2. The Market Speculator Avatar
    The Market Speculator

    Because the last few positive days have been lighter than the preceding down days.

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