Gold

Today I exited my long position in GLD at the open when it took out the low from Tuesday. The other day I commented that GLD seemed to have trouble staying above resistance (68.50) even with a falling dollar, so I used a tight trailing stop to lock in profits which got hit this morning.

Gold was down over $9 dollars today and silver down .44 cents. I'm not bearish on the metals but it feels like we will get a pullback here so I will sit on the sidelines awaiting a setup to get long again.