GOLD correcting as FF'd
#11
Posted 02 October 2007 - 09:38 AM
#12
Posted 02 October 2007 - 09:43 AM
#13
Posted 02 October 2007 - 09:52 AM
Yes, not very easy.
It was just something to observe and nothing to trade on.
For short term trading I think you must always must get a feel for what is moving your market at the time. We all know that was the dollar. And then we need to look at what is moving the dollar.
#14
Posted 02 October 2007 - 10:51 AM
#15
Posted 02 October 2007 - 10:57 AM
what is moving the dollar? the ECB chair's comment or the stock market rally?
Yes, not very easy.
It was just something to observe and nothing to trade on.
For short term trading I think you must always must get a feel for what is moving your market at the time. We all know that was the dollar. And then we need to look at what is moving the dollar.
Short term is the "news" as you pointed out. However, the housing number should have confirmed a rate cut and pushed a weaker dollar and higher gold. That didn't happen, go figure.
The broad market & gold will be competing on flow of funds. Which one will win. I don't have the answers, that is why an exchange of information is good. Thanks for your comments.
#16
Posted 02 October 2007 - 11:01 AM
#17
Posted 02 October 2007 - 11:54 AM
#18
Posted 02 October 2007 - 12:22 PM
Looking to re-enter GLD in the 66-68 range:
http://stockcharts.c...1767&r=7065.png
That is far too low in Senor's opinion, 70 level is about as far as Senor thinks it goes.
BSind away
Senor
#19
Posted 02 October 2007 - 02:43 PM
Looking to re-enter GLD in the 66-68 range:
http://stockcharts.c...1767&r=7065.png
That is far too low in Senor's opinion, 70 level is about as far as Senor thinks it goes.
BSind away
Senor
Hi Senor, how do you get such a target, basis fib retracements?
The future is 90% present and 10% vision.