Alt-Coin Trader

Gold Breaks Up and Out Again; New Record High

I'm selling some gold here.

Definitely don't read too much into that. All I'm doing is getting flat.

I'm a much more tactical trader than most of the people reading this, and I wouldn't recommend strategic gold bulls or dollar bears trying stunts like this. While I'm holding less gold, short term, the goal is to buy more at lower prices. It's a gamble, of course, as the thing could just keep running higher—much higher. But capturing less profit, I've found, is a lot better than giving a lot of profit back.

So, when I'm dealing with a position with a large profit, my pigs-get-slaughtered senses kick in and I start to sweat it. Especially with that dollar lollygagging at these levels

Read the rest at:
For more news like this go to and Gitmo Nation Roundtable.

For lively discussion on this topic and more go to and