Friday, December 26, 2008
12:10 PM PST GOLD SPIKES INTO THE CLOSE
And I was out clearing snow instead of making
enough money to take a trip to some Paradise!
That's the way the chips fall!
9:27AM PST GOLD GETS CAPPED AT 85070 AGAIN, MAY GO HIGHER LATER
I'm not trading these moves because of the
light volumes, and have outside work to do
clearing snow today, so I can't monitor my
trades. Gold will close today at 2:15pm pst
for the weekend, and I don't like to have open
positions over periods the market is closed.
I take what profits I have, and stand aside.
Too many radical moves in this market to
gamble on long term moves anymore.
FRIDAY 8:39AM PST GOLD TRADING WELL ON VERY THIN VOLUME
Some very profitable moves so far this morning,
but thin volumes can give you problems getting
out on a market order, as you may wind up getting
a wide range of prices for your fills if you put in
too many contracts at once. On the other hand,
you want out a soon as you feel the price has topped
and should take what you get and be happy.
Thursday, December 25, 2008
6:58PM PST XMAS DAY
Gold opened at 3pm pst and will be trading
regular hours for the rest of the week.
Wednesday, December 24, 2008
10:55AM PST TWO POSSIBLE PULL BACKS
If I had $14 profit in such a short time, I would
lock it in!
Oil falls off the cliff down to 35.125, not particularly
helpful to gold, but gold seems to have a mind of its own.
10:52AM PST GOLD BREAKS THROUGH A FEW OF THE OLD HIGHS BUT APPEARS CAPPED AT 84960
Gold could sell off the rest of the afternoon, or
just go sideways. Volume is VERY light.
9:25AM PST CHRISTMAS EVE DAY GOLD TRADING
Very light volume, but gold moves up well to previous highs
This is a 75% retracement up (see next chart)
It may very well sell off before the close to lock in easy profits.
Tuesday, December 23, 2008
GOLDTRADER WILL POST WHEN APPROPRIATE THROUGH THE HOLIDAY TO KEEP YOU CURRENT, AS APPROPRIATE, MARKETS ARE VERY THIN AND QUIET UNTIL FRIDAY
I will NOT be following the gold market closely after the day session close
tomorrow, as volumes will be falling off and activity should be reduced.
I will follow the market until it closes at 2:15pm pst.
It will re-open on Thursday evening on Globex at 3:00 pm pst according
to the information I have at present.
HAVE A PLEASANT HOLIDAY!
MAKE IT ABOUT THE CHILDREN.
THEIR MEMORIES WILL BE PRECIOUS TO THEM.
tomorrow, as volumes will be falling off and activity should be reduced.
I will follow the market until it closes at 2:15pm pst.
It will re-open on Thursday evening on Globex at 3:00 pm pst according
to the information I have at present.
HAVE A PLEASANT HOLIDAY!
MAKE IT ABOUT THE CHILDREN.
THEIR MEMORIES WILL BE PRECIOUS TO THEM.
11:56AM PST NOT A BAD CALL ON THE HEAD AND SHOULDERS, EH?
I just got back from taking all my cats to the vet
for shots. I had to cut the trade short before I
left, but I covered the vet bill plus a bunch.
But I would have made four times as much
if I'd let the trade run, but if I'd done that, it
would have gone negative, so I'm happy with
what I made. Can't argue with a profit, any profit.
9:01AM PST GOLD RETESTS THE LOW, FINDS SOME BUYERS, BUT GOES LOWER, AND FINDS MORE BUYERS
Dan Norcini says there is support at 830.
I hope so.
Dollar drops further to .8210, currently .8215
Euro off a little
Dow off 100 points plus
Bonds rising
8:47AM PST BUYERS STARTING TO MOVE BACK IN
Let's just hope that gold doesn't fall off this
little ledge.
Euro still up, but Dollar is back up to .8224
Dow is slowly trying to rise after a sell off
Oil sells down to 38.05, but is moving back up
gradually to 38.65
8:35AM PST GOLD PROBES A LITTLE LOWER WITH BUYERS COMING IN
Dollar gets goosed further up to .8237, but
pulls back to .8215
Euro rising
8:10AM PST 1,300 CONTRACTS ON THE BOUNCE UP, THEN GOLD GOES SIDEWAYS
Gold is being capped here at 84270.
The shorts blew the weak longs out and took profit
on the move and now have another profit on the bounce
They should sell now to capture that profit unless
they want to try to drive it higher.
8:04AM PST AND GT CALLS IT AGAIN
Too bad I was in the bathroom when it suddenly
dropped and bounced big time. I can't tell you
how many $5000 craps I've taken.
7l41AM PST SURE LOOKS LIKE A SHORT TERM HEAD AND SHOULDERS TO ME
Yen and Euro falling
Dollar gets a big goose up to .8220
6:48AM PST GOLD SUDDENLY RISES ON LIGHT TO MODERATE VOLUME
gold moves up to EXACTLY yesterday's close
price, something it does quite frequently. Why,
I have no idea, but it pays to know it, especially
when you want to offset a position. It happens
it both directions, up and down. This could also
be a move by the manipulators to suddenly hit
these longs hard and take a profit.
6:34AM PST GOLD STARTING TO ROUND OVER
This very thin market is a perfec opportunity
for 'The Boyz' to knock it lower before the end
of the year, just to set the mood for next year
5:46AM PST VERY QUIET TRADING ON VERY LIGHT VOLUME
Dollar slightly weak after GDP Report
currently at .8181 slightly lower
gold slips back down 75% of the bounce up
and looking weak, but suddenly rises on tepid
volume then stalls
5:38AM PST GOLD BOUNCES A BIT ON WEAK VOLUME
Thin volumes can be controlled by the locals
who will whip these markets anyway that profits
them.
Only market orders (electronic) can't be manipulated
5:30AM GOLD DROPS ON THE OPENING ON VERY LIGHT VOLUME
GDP REPORT: steady
goid drop more falling off the ledge it formed after
the opening sell off
Monday, December 22, 2008
10:27AM PST GOLD SELLS OFF INTO THE CLOSE, NORMAL TRADING HOURS CONTINUE THROUGH TUESDAY
Good buying comes in on the last minute of
trading before the day session close. Will it
continue into the afternoon?
9:34AM PST GOLDTRADER SLEPT IN TODAY AND MISSES A $13 UP MOVE...DRAT!
Very thin holiday markets can be treacherous
for traders. Best to stand aside until the new
year.
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