Follow Through/Leaders Chart

Wednesday, February 18, 2009

My first trade in 7 months – GLD, SLV

The nice thing about disciplined investing is that it protects you. Kudos to Investors Business Daily (www.investors.com) and the Gil Morales report (www.gilmoreport.com) for successfully navigating me away from the financial tsunami and keeping my investment ship in calm, peaceful waters.

The indices are toying with previous lows. In this environment of continued forced selling (deleveraging), the markets will likely break these lows and begin another leg down

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The flight to safely buy is Gold and Silver. Either the real stuff, or GLD and SLV, which are their tracking ETF’s. I was able to get into each in the Jan 28th pullback and both have been on a tear! If you’re game, wait for pullbacks into their support zones .

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