Friday, June 1, 2012
Mass Dumping
The downtrend is near an end. This is the capitulation that I've been waiting for. The nonfarm payrolls is a blessing. It will bring QE3 much more quickly now. You just need to see the $40 pop in gold to confirm that. Funds will now be lining up to catch the QE3 rally in the coming months. 1260 will have to wait. Today is probably the bottom.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
We are not even close to the bottom, we will get some consolidation early next week then more down. Fade at your own risk.
You are right, we are going lower. But I do see strong support at 1260.
Post a Comment