Can we crack $1300 tonight?, page-428

Easy.

I am looking purely at the gold chart.

At the moment, you can see gold is in an uptrend. This hasn't changed. I got onto the short side when it cracked earlier this week. i was premature - fundamentally, the dovish Fed statement was my undoing.

Gold stocks are correlated with the gold price, you can see this every day on the ASX when the gold price goes up or down. so, it's really no difference when you're analyzing an ETF. The only difference is that it's a 'basket' of gold stocks and you can use leverage.

I use technicals and fundamentals (i.e. fed analysis (i.e. my hawkish belief), unemployment number, etc. I will go short when gold cracks below support and holds it. Plenty of money on the table. i'm not going to get greedy trying to pick the top - i'm also not looking to scalp. I'm in it to win it.