November 27, 2009

STOPS HIT FOR EXIT WITH PROFIT ON $GCZ9 AT $1161

In the overnight trade $GCZ9 did hit $1130. Those who had vigorously followed our methodology should have had orders in $1130 range and should have generated very large profits.

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CONSIDER TAKING PARTIAL PROFITS ON GOLD $GLD, $GCZ9, $GC_F

$GCZ9 is now trading at $1154 giving us a fair amount of profit. We suggest using technicals and movement of EUR/USD to pinpoint targets for partial profit taking. Based on the information available now, partial profits should be taken in the range of $1130 to $1137 or higher if technicals warrant it. Tighten the stops on core position.

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