Gold Crush

Just when you thought it was safeto dip into the gold pool, there was no support and gold got crushed onThursday. The panic and puking sellers forgot about price and time and couldn'twait to sell, taking gold down to $1,186.

One of the basic rules of tradingand investing is to never let them see you sweat. Of course, gold did come offthe bottoms and held support. Gold is now at the bottom end of the range and isprobably a good trade from a risk-reward basis.

Traders and investors make thecommon mistake of chasing markets up or down. We have written for weeks thatgold was in consolidation and should be observed. Although we are looking for aplace to buy, there is no rush while the churning pattern continues.

By Todd 'Bubba' Horwitz

Contributing tokitco.com

Follow @Bubba_TradingBubba@bubbatrading.com www.bubbatrading.com/ Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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