Hi Shoppers,

If I hear one more person ask when and where we sell gold, I will… I don’t know what I’ll do.

DO NOT EVER BUCK THE TREND. THE TREND IS YOUR FRIEND.

That’s especially true for something that has gone this hog wild.

The better question: Where is the next pullback, and should I enter a long position there?

As you can see on my Gold Futures chart, at each horizontal blue line, the futures tested support, bounced and traded higher.

This works not only for entry levels but also to keep a trailing stop if you carry a long position.

I know it’s short term, but that uptrend line, though steep, gives guidance too.

If we begin to trade below there, lighten your longs or get out completely.

Another factor to keep in mind is the implied volatility (blue line), or the price of the options in the SPDR Gold Shares (GLD).

Demand is huge.

Gold overall is definitely not an easy trade by any means.

This is history making, folks. Be careful out there.

Thank You For Reading… See You Next Tuesday,

Licia Leslie