Thursday, April 8, 2010

Of Bulls and Bullion

We are strong
No one can tell us we're wrong
Searching our hearts for so long
Both of us knowing
--Pat Benatar

The most bullish chart on my radar? Gold. Regardless of the horizon, the setup appears strong to me.


Not sure what story the charts may be reflecting. Economic pickup and inflation? Across the board currency debasement? Fear of a Greek contagion?

Of course, this could all be one big headfake and gold winds up falling out of bed tomorrow.

In any event, I've stepped up my intake of physical bullion. Am also building positions in the gold ETF (GLD) and miner ETF (GDX).

positions in bullion, GLD, GDX

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