
Sunday, July 26, 2009
OPEN INTEREST IS HIGHEST IN DECEMBER '09 GOLD
I will be trading DECEMBER GOLD
as it has the highest Open Interest
October OI is a measily 19k contracts
while Dec has 138 K right now the same
as August which will stop trading on Friday
when First Notice arrives.
as it has the highest Open Interest
October OI is a measily 19k contracts
while Dec has 138 K right now the same
as August which will stop trading on Friday
when First Notice arrives.
Friday, July 24, 2009
HOPE YOU TOOK YOUR PROFITS WHILE YOU HAD THEM

When the commodity gods give you a quick windfall, don't
wait for them to give you more...TAKE YOUR PROFITS!
Then re-group and wait for the next opportunity.
Just don't dissipate your winnings with a bunch of little
(or large) unnecessary losses by waiting for larger profits
on any one move. Enough reasonable wins pile up into a large account.
This gold market will screw you out them every time you
wait too long to grab your winnings.
DOW RISING, EURO RISING, OIL UP, BONDS DOWN

Gold could rise now, but until the dollar starts collapsing
again, I'm not trading. I'll wait for a good dip to buy in
October gold for a long rise. August is too close to First
Notice next friday and it's trading much too wildl to take
a chance of getting trapped in a losing position with no time
to get out before FN
WELL, GOLD DID GO UP OVERNIGHT, BUT NOW WHERE?
Thursday, July 23, 2009
THE DOW HAS A GOOD DAY THEN FALLS OFF AT THE END
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