Been selling gold into this rally and sold some more this morning 1838.50 but ok to sell here too.
See chart attached. This may be the high for the next 30 days and a low in 10yr rate as well, so purchased some of those futures.
The volatility / price range on gold today is 1757-1827 so anywhere near or above 1827 (The calculated higher bound of the daily range based on price and volatility works)
Fundamentally, again nothing has changed, commodities are raging, dollar of course weakening as it will until we have some deflation, and rates rising.
DOnt let them scare you out if you are short from yesterday or day before, now is the time to add to those short positions.
See chart attached. This may be the high for the next 30 days and a low in 10yr rate as well, so purchased some of those futures.
The volatility / price range on gold today is 1757-1827 so anywhere near or above 1827 (The calculated higher bound of the daily range based on price and volatility works)
Fundamentally, again nothing has changed, commodities are raging, dollar of course weakening as it will until we have some deflation, and rates rising.
DOnt let them scare you out if you are short from yesterday or day before, now is the time to add to those short positions.
Comment:
Sold a little bit more here
Comment:
If we close above 1920 I will probably take my lump, at least it was more than offset on the R2k
Comment:
Still short
Comment:
That's better
Trade closed: target reached