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THANK YOU guys so much for supporting me here ever since I started
writing at iBankCoin.com back in 2008. As you may know, I was picked
up from the Peanut Gallery and given a “tab”. I truly enjoyed helping
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1/4 of GLD, IAG, and GG will be removed today.
I expect this horizontal time correction in gold to continue with an upside breakout. I will make secondary entries in GLD, IAG, and GG, as well as other gold names during that time. I will exit the remaining 1/4 swing in WYNN today. So far all swing plays (MGM, LVS, WYNN, IAG [...]
The GLD did what I had anticipated and buy stops were triggered in the following today:
1) GLD – $114.10
2) IAG – $16.41
3) GG – $40.92
Here was the first Gold Update written yesterday: http://ibankcoin.com/chart_addict/2010/04/26/gold-update-i/
I wrote a post on April 10th regarding my interest in gold. I was waiting for the sector to prove to me that it is good shape to make a full exit out of a multi-month base. The criteria I was looking for was one final consolidation. This criteria has been [...]
I will take off the remaining 1/4 swings in LVS and MGM. I am keeping WYNN.
