Gold Continues, Just Holding

Wednesday, November 11, 2009

Gold continues to truck higher with GLD hitting a new all-time high today of $109.71 this morning. Adding in front of $100 was tough given the rapid pace with which gold bounced after the shakeout move lower. Gold has confirmed a new bull market and I am holding for higher prices. Speed bumps are likely but I will let Jesse Livermore do the talking for me:

“It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!”

~Reminiscences of a Stock Operator, Edwin Lefèvre


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