My Gold position

If you've been following all my statements, you'll know I have been in and out of Gold (and its options) a lot. I have been down big, and up big...but I have always been profitable in it.

I am long as we speak. Here is an interesting chart on Gold that I have been watching for a while...(clicking on the chart gives you a clearer view):

See the wedge? I think I am going to take profits soon and look for a pullback. Remember the post June 29 by Market Club and Adam where he said Gold was definitely on the rise? Well, he was right...but there is nothing wrong with taking profits.

Backup plan? If I see a 4 hour or daily close above the wedge, I may re-enter.