Gold

I have been long gold for the past two weeks plus, the trade started off very nicely and has since gone mostly sideways (a consolidation).

Finally today we see some strong life in Gld. The Euro takes a small break for a day and gold is up 1%.

While US dollar is going up, gold has been going sideways and actually mildy trending up making highers highs and higher lows as of late.

I tried shorting Silver when I first started this blog and that did not work out. We had a perfect scenario in place, US dollar strength and silver and gold both looking like they were heading south together. When that trade didnt work out I thought that there is likely inherent strength in the precious metals... so i looked at my signals and grabbed gold.