Friday, September 4, 2009

Trade 78 - SBM getting back into gold exposure

I liked Gold 1 month ago, bought into LGL @ trade 30 and lost money closing it wayyyy too early, given how I remained bullish on gold.

Gold broke out of a key resistence last night and I entered SBM - Santa Babara to get extra juice on the move. However, my total capital amount invested will be smaller, leverage is the key in this play.

long 5000 SBM @ 0.265