Into Gold. Again!

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

The US dollar hit a new, 2 month high earlier today but faded far off the best levels of the day to end poorly. The 'ol greenback acted so lousy that I suggested going long the gold market once again. Here is what I specifically suggested in a Special Email Alert!

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special email alert!


As a new trade: buy (1) December Comex gold at the market. The last is $1190.08, up $2.20. Use stop of $1184.00 stop, close only.


The dollar is only higher by 7 ;points and 33 off the high. A lower close is a downside key reversal which, in theory is bullish commodities per se and in particular, gold and wheat.


The time is 9:33 a.m Chicago

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Not long ago here on Inside Futures I also suggested going long gold. I bought the market at $1190.60 but stopped out yesterday at $1192.60. But like a, "moth to a flame" I bought the market once more with another tight stop.


The Special Email Alert above was sent to my brokerage clients, those that subscribe to my twice a day newsletter Commodity Insite and to those that bought my book, Haunted By Markets that is found on www.commodityinsite.com . The book buyers receive 1 full month of my newsletter at no cost. Check it out!


If the dollar is indeed flashing a sell signal after hitting a 2 month high today, a host of hard assets should start heading north. The two that should benefit first and foremost is gold and wheat. But also note that commodities per se as measured by the CRB Index are higher this afternoon at 200.20 or so. And a close here or better for the widely followed Index represents the 3rd highest close in 2 months.


Moving forward, the dollar should work lower and gold begin to ratchet higher. Wheat should head north as. But as always, only time will tell. And always remember there, "is no substitute for timely and accurate information."


The time now is 12:44 p.m. Chicago














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