Euro/gold

If the Euro zone moves over resistance in gold and breaks out, I think it will help the US miners to move up. I suspect the Fed will do something this month.
Overall, it might be a rally for a while. I use stops and own some puts.

Best Islander

http://stockcharts.com/h-sc/ui?s=$USD...id=p36405907111

The dollar is going to test 78.79 soon which is a low in the last correction. It could be a reversal point for PM. It is probable that everyone knows the $ is inverse the Precious Metals. Take precautions, either stops or put spreads to protect your gains in PM.

Going to the firm's in house board for clients, so I will not be on FF much in the future. thanks for all the interesting repartee.

Best, Islander.

Edited by Islander, 12 September 2012 - 03:43 PM.

thank YOU islander

I picked up the last of my longer term positions in gold a week or so back and so I'm all for this upside stuff! I've been working on a little trading system, gradually and may trade gold on the edges just for fun mostly. So the markets are happy the world will QE forever?