We reduced our cost avg by trading the second piece ,which we bought Friday, for a profit. The 1690.70 day session low was close to the lower end of the recent range 1693 is about where we originally stuck our … Continue reading
Given the Spu/Bonds went to the trend line and the Yen went to the initial exit zone…+ the Gold stopped dead on resistance @ 1725, my worry is a Risk Off board, going into the latter part of the week … Continue reading
DRT…”at your discretion” Trading for Free is good… We will be Selling 25% of our Longs before the Fed this A.M. to pay for the trade, whether we see 1725 or not. If the board goes Risk Off the Gold … Continue reading
The Gold is Putting in an ORH day with a close over 1704.80. The Pit session already put in the Pattern. ETF guys …that’s a close over 165 in the GLD We’ll honor this pattern and add another 20% piece … Continue reading
Let’s start small and BUY a 20% position Long Gold @ the market! We’re starting a position because the Continental currencies are @ a key mvg avg level against the Gold. GC/Suisse and GC/Euro…Long Gold/Short the Euro & Swiss Meaning…the … Continue reading
Ok, the rinse cycle is on. We’ll BUY a 30% position @ 1666 (G) FEB. This is just above the 200 day mvg avg. We’re looking for a bounce off the level and will play it with a very tight … Continue reading
Take 30% off.
We’re Buying SSO on a 54.81 stop close.
Since eating is always in vogue, we’re looking at the Grains. Soybeans…are doing a 2 yr retrace, with $13.60 our preferred buy zone the first time down. Corn… is doing a a yearly retrace with $6.96 being the 200 day … Continue reading