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OhManIDied

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OhManIDied

Re: tob999 post# 43032

Friday, 10/16/2015 1:26:22 PM

Friday, October 16, 2015 1:26:22 PM

Post# of 63744
Which is saying a lot since we are up more than 20% since last Friday's close and profit taking is essentially muted.

In other news, by my calculations, spot gold just broke out of a short-term wedge to the upside. 1182.5 is nice support now and 1183.5 is good enough for a breakout on the daily (extending into Sunday night).

For all of next week, above 1181.5 is upside price discovery. The mode of all spot gold contracts traded this week is ~$1165, so we may test that, but if we do, it will be a good test and consolidation.

BAA
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