As I mentioned I used fear and panic of last weeks to open shorts in gold.

And as gold dropped I had started to cover my gold shorts yesterday.

I  think that there is bearish time for gold, oil and generally for commodities in front of us. So my strategy will be wait for good pullbacks for entering new shorts in these sectors, stocks and ETFs.

This entry was posted on Friday, October 17th, 2008 at 1:33 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.