August 18th 2010 03:10 am
Gold Continues To Rally
Last weekend I spoke about the bullish seasonal this time of year for the gold market and so far gold is moving higher right in line with the seasonal tendency. I’m a little suspect of this rally because silver is not following along. Usually in a true bull market, both gold and silver will rally together but so far that is not happening. Maybe gold is moving higher based purely on traders trying to take advantage of the bullish seasonal this time of year. As long as the gold market continues to move higher I will stay long, but I will be quick to exit at the first sign of weakness. I’d like to see silver begin to rally here. Lets see what happens.
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Tags: Rally
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