Member
Posted 21 February 2016 - 01:49 PM
Unsure whether Gold corrects from the word go on Monday's trading or it tries to move a bit higher first.
I wish to have some long exposure just in case but to be underweight enough so as to take advantage of any
meaningful drop. I would not be surprised at all if a correction right now proves shallow in price.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 21 February 2016 - 11:49 PM
Correction from the word go was apparently elected.
Since this seems to be the case, then the correction should be shallow, last for about a week and
with most of the price damage observed today and tomorrow. April futures opex is tomorrow BTW.
By week's end there should be some fund buying so as to show some PM exposure in their books, by months end.
This is what I think, as I watch on TV another 2,500 Syrians and Afgans arriving in the port of Pireaus at dawn on a Greek
liner arriving from the Chios island near the Turkey coast. Total mess, a Gordian knot the Syria situation is.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 22 February 2016 - 12:38 AM
"a Gordian knot the Syria situation is"
tria
Perhaps it will take another Alexander type stroke to remedy it.
Member
Posted 22 February 2016 - 12:21 PM
Edited by dougie, 22 February 2016 - 12:22 PM.
Member
Posted 22 February 2016 - 03:19 PM
Big divergences in metals miners and jrs
What is up?
Mahendra the prophet said to his folowers, "buy the miners and not the metal".
I heard it with my own ears.
On a more serious note, I think the Miners need a new high to conclude the recent sharp rally.
This is my take.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 24 February 2016 - 06:42 AM
Sold 1/4th GCJH @ $1,238.10 - Money management decision.
Now 1/2 long futures with a 3:1 leverage.
The fact that I use leverage (but mild) is only to be able to have plenty of cash for other trading or investment vehicles
that may or may not move in the same direction with Gold. In addition I like the 23 hours per day of mkt accessibility
Prudent use of leverage is not bad IMHO.
Edited by tria, 24 February 2016 - 06:44 AM.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 24 February 2016 - 07:45 AM
I do have an opinion that Gold may drop a bit today.
Just a feeling more likely.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 24 February 2016 - 08:27 AM
Gold's 10-ema is supporting all short term daily corrections for now.
The first closing below it, may mean that a larger correction is starting.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 25 February 2016 - 10:34 AM
I am in distribution mode obviously and the higher Gold goes ST, the better it is for me.
I think one distributes here to the Hedge funds wishing to show some PM exposure before the month is out to the
fashionable nowdays PM sector.
As of yesterday 75% trading longs. By Monday this may/will be reduced.
Will not reduce below 25% net long however which using a 3:1 leverage means 3/4ths unleveraged net longs.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
