Update on gold: bottom for real

I mentioned on Monday that gold was looking a bit shaky, and with a one-two punch by Bernanke, gold sold off by about $30 during the past few days. I did have an opportunity to short gold at about $890, but I reversed my position this morning at $875. I hate being short gold, and I'm relieved to be long again. The bottom might be for real this time.

From my post on Monday...


At today's close: possible bear trap...