- Joined
- 1 October 2008
- Posts
- 3,733
- Reactions
- 391
As stated prior to the recent moves. -
Golds had pretty bearish move into a 50% retracement from the recent run up.
SBM had a bit of interest toward the end of today as did SAR, RRL and EVN.
TRY, BDR, PRU been hammered since Tuesday, enough to take profits on shorts and look to go long on SAR, RRL and EVN and NCM,
See if gold wants to test 61.8. looks like it wants to pause then do.
Looking at volumes on GLD for some more guidance.
Apparently physical demand is at a 5 year low which is pretty amazing given we really do have the makings of a currency almost war.
Already long on RRL and NCM, looking to buy SAR, SBM, EVN, TRY if they start slow enough (unlikely).
Down 2 up 2 respectively. NCM is the larger.
Looking to reverse sometime Tuesday if Gold looks to be stalling/weakening.
Will short BDR, PRU, TRY( Tuesday or later when it looks to reverse)
Expecting TRY to have a real kicker then reverse.
On a more serious trade, NCM could be awesome if this currency war starts with a little inflation - off the charts!
Golds had pretty bearish move into a 50% retracement from the recent run up.
SBM had a bit of interest toward the end of today as did SAR, RRL and EVN.
TRY, BDR, PRU been hammered since Tuesday, enough to take profits on shorts and look to go long on SAR, RRL and EVN and NCM,
See if gold wants to test 61.8. looks like it wants to pause then do.
Looking at volumes on GLD for some more guidance.
Apparently physical demand is at a 5 year low which is pretty amazing given we really do have the makings of a currency almost war.