Friday, 11 September 2009
Gold Rally Over? Trouble Also Seen for Nikkei, Bond
Some new signals in my trading setups based on today's Commitments of Traders report. See my newly updated latest signals table for the gruesome details. Don't have much time for a lengthy update, but suffice to say gold bugs will not be pleased! Oops. Nikkei also goes to cash on Monday's open. Plus, an older time-delayed signal puts my 30-Year Treasury Bond setup into the bearish column, too (meaning interest rates expected to rise). Have a good weekend, and be sure to check in early next week for my portfolio update.
Correction: A version of this post I put up late Friday said incorrectly that Nikkei goes bearish on Monday. The latest signals table had it correctly. The setup goes to cash. Sorry about the error.