I used to be just like you.

I looked around at all the "professional" investors who did things like buy single stocks because they thought the company had a good product and its prospects for future earnings were promising.

LOL! Silly, right? As if future profits have anything to do with whether or not this is going to be a good trade!

I just stuck to my charts. Simple chart patterns, moving averages....maybe some Fibonacci or RSI if...

I don't like to close out my long gold positions unless the evidence for bearishness is too much. The reason for this is viewpoint is that the global economy and the global political situation is too panic prone at the moment; anything could set it off (dubai crash, greek sovereign debt crisis, spain sovereign debt crisis, alleged terrorism, etc). If the right panic happens, you can forget the charts, gold will soar.

However, as US money supply is currently deflationary,...

I'm in the process of adjusting my overall exposure to the market, which I'll blog more about shortly. Gold is the centerpiece of my overall approach.

I'm going to buy more gold now, although I'll keep a fairly close eye on this. If we break below these trendlines, I'll be out for a while. If we do break below these trendlines, I'll be more convinced that we're in for a repeat of some sorts of October 2008 -- US dollar rally, global equities fall. However, the sovereign debt crisis...

Here is a great video, and a great blog post from Jesse.

I've just done a year end review of my trading account that I blog about here on InformedTrades. Here's a review of the key highlights:

1. I finished the year up 18.9%. The good news is that this was my best year ever, and that I'm making progress. Thanks to InformedTrades, of course!

2. There is still a lot of room for improvement to be made, of course. One particularly disappointing opportunity for me is the way I handled the USDCAD trade I was involved in for...