Golden Ratio: TRADE UPDATE: All that shines is not Gold

2008-10-12

TRADE UPDATE: All that shines is not Gold

My Development as a Commodities Trader: All that shines is not Gold

My first trade was stopped but I see the same trade valid again and I am going back in. Stops higher than 940 this time. Break below 830 to signal trend confirmation and place to add to shorts.

1 comment:

  1. In addition to selling GOLD, I am also entering a pair trade. Buy Platinum (PLF9) Sell Gold (GCZ8/ZGZ8) for equivalent amount (1 GC ~= 2 PL futures). The pair trade is a direction neutral view on the precious metal cycle. I feel the selling on the PL smells of panic so either it will bring down Gold eventually OR will lift Platinum.

    ReplyDelete

Thank you for your comments. Please keep the comments to the context of the discussion. Comments are subject to moderation and inappropriate comments may be removed by the Author of this blog.
-VS