Good afternoon all,
First, I'd like to mention that my recent study of Gold is complete and the first 50 people who send a blank email to dale@daledoelling.com will receive a free copy.
Second, DEC GOLD made a new contract high today and that is very significant for the market. Now, if you're just now starting to look at Gold as a momentum play you're probably wondering if the train has left the station. In my humble opinion, we're only in the 5th inning of this game. Where will Gold eventually top out? That's anyone's guess. But as long as we're guessing I believe that Gold will eventually top $1,000 and may hit $3,000 before it's all said and done.
Just remember to use common sense when trading the Precious metals markets and only use an amount of leverage that you are absolutely comfortable with. From ETF's to the futures and options markets, there's a level of risk and leverage available for everyone. Just take a position in something NOW!! Stay tuned!
Dale F. Doelling
President and Chief Market Technician
Trends In Commodities
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