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156,000 contracts traded
1300 now support.
Is 1300 the new wall of fear?
USD losing steam.
Out @ 1298.40 for a 3.50 gain, will re-enter long on pullback.
Quite the suckers bet, it's as cryptic as the Fed.
Last year at about this time gold dropped $100 in a day, crazy.
Fork time.
They're stuck on selling, doesnt' matter what the econ numbers say.
Empire State index bombed.
This is uggggggglllllllyyyyyyyyy. Observe the elongated wick to 1284, crazy.
I think they broke the back of the darn stuff NY.
That was a great trade NY, you're the master. I'm flat right now trying to find a bottom to buy. Coincidentally, yesterday Goldman reminded their minions to sell, and sell they did.
I was wondering if you always traded in vampire mode, or just a recent development.
Ukraine sends in troops to regain control of east
Russia says use of force could derail talks
http://www.marketwatch.com/story/ukraine-sends-in-troops-to-regain-control-of-east-2014-04-15
Tuesday's Economic Events
Consumer Price Index
8:30 AM ET
Empire State Mfg Survey
8:30 AM ET
Janet Yellen Speaks
8:45 AM ET
Redbook
8:55 AM ET
Treasury International Capital
9:00 AM ET
Housing Market Index
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
Fatfinnnnnngggggggggeeeeeerrrrrrrr
I'm trying to migrate to the famous "Goldfinger Method", but it's been a tough transition, I guess entry is key. Now, I had a great entry at 1279.50, but alas, I sold it that night for a small point or so gain. Maybe I should try a hybrid technique, of scalping and swinging, if there is such a thing. :)
With Chickenfinger at the helm, a few points tonight might be a tough assignment, maybe .30 would be more like it. :) Itchyfinger is no where to be found, possibly in retirement because of arthritis.
Hey NY, I missed the boat at yesterday's open, tried a few scalps and eventually gave up with pocket change and hit the sackola. I hope you kicked butt. I'm short right now @ 1326.70, not certain what this silly stuff is going to do.
About ready to bail from my position, pretty much the story of the day, ass backwards.
Ukraine crisis: Kiev pledges 'full-scale anti-terrorist operation' against pro-Russia rebels
http://www.theage.com.au/world/ukraine-crisis-kiev-pledges-fullscale-antiterrorist-operation-against-prorussia-rebels-20140414-zqudk.html
American threatens Russia with further sanctions as Ukraine crisis deepens - Telegraph
http://www.telegraph.co.uk/news/worldnews/europe/ukraine/10764232/American-threatens-Russia-with-further-sanctions-as-Ukraine-crisis-deepens.html
Ukraine crisis: UN Security Council to hold emergency session on Ukraine - World - CBC News
http://www.cbc.ca/news/world/ukraine-crisis-un-security-council-to-hold-emergency-session-on-ukraine-1.2608521
Gold Preparing to Launch as U.S. Dollar Drops to Key Support :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
http://www.marketoracle.co.uk/Article45188.html
The End Game For The United States Will Be Catastrophic
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/11_U.S._Gold_Gone_%26_What_52_Years_In_This_Business_Taught_Me.html
Survey Participants See Higher Gold Prices Next Week | Kitco News
http://www.kitco.com/news/2014-04-11/Survey-Participants-See-Higher-Gold-Prices-Next-Week.html
Gold forecast for the week of April 14, 2014, Technical Analysis
http://www.fxempire.com/technical/technical-analysis-reports/gold-forecast-for-the-week-of-april-14-2014-technical-analysis/
Gold Traders To Eye Heavy U.S. Economic Calendar For Clues On Future Fed Policy | Kitco News
http://www.kitco.com/news/2014-04-11/Gold-Traders-To-Eye-Heavy-US-Economic-Calendar-For-Clues-On-Future-Fed-Policy.html
U.S. wholesale prices rise sharply in March
Producer price index up 0.5% as cost of services surge
http://www.marketwatch.com/story/us-wholesale-prices-rise-sharply-in-march-2014-04-11
It seems that just when I think I've got a handle on Asian/Euro gold trading, they pull a new one out of their sleeve. On that bounce, the volume was so light it didn't even show up on any of my indicators and it moved lightening quick. Crazy.
1.5 gain is fine for a scalp with gold futures, but left gobs of coinage on the table, that's the problem with my method of scalping, mostly atributable to tight Chickenfinger stops. Bottom line, great entry, but crappy exit. Now if I had been using the Goldfinger method..... :)
Out 1317.
Coinage on the table, darn she's got legs!!
Long @ 1315.50
NATO says Russia military in high state of readiness
Troops could move into Ukraine within 12 hours of an order
http://www.marketwatch.com/story/newsviewer
That's the way to play the game, you should give lessons! Looks like you're in vampire mode tonight. Was that at 2:05 am? She might retest LOD, 1315.40, bounced from that area a total of 4 times this morning.
I sure hope you did the switcheroo when it hit 1323, all week it has made higher highs during the Asian session, and today the reverse tankerola, crazy Asians anyway. Good strategy you had.
Friday's Economic Events
PPI-FD
8:30 AM ET
Consumer Sentiment
9:55 AM ET
Evening, I was talking live gold futures, I think you're right about the miners, they seem to be ailing with the rest of the equities, fortunately, gold is mostly immune to the equity nonsense. But watch out above if the equity markets rebound and gold is having an up day.
9:51p
Shanghai Composite down 0.1% at 2,131.49 9:32p
Hong Kong H-share index down 1.3% at 10,284.80 9:32p
China wholesale prices fall 2.3% in March 9:32p
China consumer prices up 2.4% in March 9:31p
Hong Kong Hang Seng Index down 0.3% at 23,120.21 9:23p
Australia's S&P/ASX 200 down 0.7% at 5,440.10 early 8:06p
Japan's Topix falls 1.8% to 1,129.04 in early moves 8:01p
Japan's Nikkei Average opens down 1.9% at 14,027.80
Yep, seems the path of least resistance it up, we'll see how much she can tack on, but I doubt Mr. Shiny will see 1316 tonight, at least not on the Asian watch. I'd say the Limey's are going to get hit hard in the equity markets as well, so probably up there too, so that leaves the US trade, anyone's guess on that one, the slacked jawed floor traders are mothers.
Damn thing seems to want up right now, was below 1317, now above 1319. Might be the perverbial safe haven as the world markets are tanking.
Whoops, twenty lashes with a wet noodle. :)