The answer is because I am cheap. That’s it – I admit it. I am stingy here on price. I have my buying range (see chart below), and I am sticking to it.
Buy Gold between $807-826/oz, and sell it closer to where we did on 12/29 and $896/oz. This is a very trade-able range, especially suited for the patient trader. We want to own “re-flation” before oil moves up +23% in a week (like it did last week), not after.
Keith R. McCullough
CEO & Chief Investment Officer