Jim,
Actually, those were comments from JP May. JP = John Paul. As in John, Paul, George and Ringo.
will traders have buy orders after a close above $400.00 or will they take profit when the market touches $400.00 and falls back to around current levels right afterwards?
It remains to be seen. Today was quite close, though and that's fun. Just up over $398, then the shorts came in, then the shorts covered. Gold closing today at $397.30 gives me great enthusiasm for Monday, since there's plenty of time for the word to spread over the weekend that gold is closing on $400.
JP MAY! See me on the dgc.chat list for a message.
Regards,
Jim
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