Friday, August 7, 2009

Went out to wield a chainsaw...

Which was a lot more fun than watching the garish and oh so predictable display put on by the markets. Came back and what did I find? The S&P ended the day on the sag, back down below our 38% Fib target. Nice. What else did I find? The latest CoT report on gold.

Rut Roh. The specs love gold and the commercials? Not so much.