http://www.marketwat...d=898826241.png
Volume on gold has seemed to pick up in mar/April
Started by
nimblebear
, Apr 05 2007 01:38 PM
5 replies to this topic
#1
nimblebear
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Welcome to the Dark Side !
Posted 05 April 2007 - 01:38 PM
OTIS.
#2
TechSkeptic
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Posted 05 April 2007 - 01:42 PM
Is that symbol for a particular month's contract? If so, the volume might have something to do with the contract becoming front-month.
#3
golden
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Posted 05 April 2007 - 01:55 PM
http://www.marketwatch.com/charts/int-basic.chart?symb=GC07M&sid=1187361&time=8&startdate=&enddate=&freq=1&comp=&compidx=&uf=&ma=&maval=&type=2&size=1&lf=1&lf2=&lf3=&style=1013&mocktick=1&rand=898826241.png
Volume in GLD not confirming the rally.
http://stockcharts.c...id=p41094148409
Edited by golden, 05 April 2007 - 01:56 PM.
"There is only one side of the market and it is not the bull side or the bear side, but the right side."
#4
jjc
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Posted 05 April 2007 - 02:34 PM
Volume in GLD not confirming the rally.
http://stockcharts.c...id=p41094148409
Golden,
That is an interesting approach. Of course the people who buy futures are different time framers than
people who buy GLD.
How well does that analysis work for you? I've been meaning to do a study on this...
#5
golden
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Posted 05 April 2007 - 02:49 PM
How well does that analysis work for you? I've been meaning to do a study on this...
Volumes in both GLD and GDX often confirm golds trend.
And they are currently not confirming, which is why I am suspect of the current rally.
Please let us know the results of your study.
"There is only one side of the market and it is not the bull side or the bear side, but the right side."
#6
TechSkeptic
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Posted 05 April 2007 - 03:33 PM
The gold STOCKS need to get out of their tight sideways range (as can be seen easily on the weekly of the $XAU or $HUI) before I can get excited about gold making a significant move (either up or down). Until that happens, it's all just noise and volatility.
