Category Archives: GLD

Gold – 21 Jun (re-visited)

Breakout from the symmetric triangle? We’ll see tomorrow me thinks. 1563 awaits a re-test. For the GLD traders, price is approaching resistance. I am somewhat concerned that there does not appear to be a lot of punch in this chart … Continue reading

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Gold – 16 Jun

Gold closed slightly down from resistance at 1532. Support is at 1515 where we have swing low, the 45 day MA and the Bollinger band. The short term downtrend continues with a confirmed lower high. The symmetrical triangle is apparent … Continue reading

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GLD – 15 Jun

Disclaimor: GLD is exposed to unallocated gold and is not suitable as an investment. These charts are for traders who understand what GLD is and know how to manage the risk. For bullion investment PHYS is more suitable and possesses … Continue reading

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Gold Daily and Silver Weekly Charts

08 April 2011 Gold Daily and Silver Weekly Charts Intraday comments on the markets can be seen here. Gold and silver both broke out cleanly today and nailed the bullion bears’ hides to the shed. I have an open mind … Continue reading

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Update: GLD Jun 150 Calls @ 1.66

  OK, so far so good. Our buy at 1.66 for our Jun 150 Calls is doing great and is above water. What we want to see is a higher high for the the next swing high. We have the … Continue reading

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GLD – Jun 18 Calls @ 1.66

Disclaimer: Do not invest in GLD or SLV! These ETFs are only appropriate for short term trades and sophisticated traders. Anyone who buys and holds either of these funds believing that they have legitimate exposure to physical gold is not … Continue reading

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Gold and Silver – 23 Feb

Ok, here’s what it looks like going into Friday. One word adequately describes the gold chart, indecision. the geopolitical circus is unresolved in the Middle East and its business as usual with a friends over at the Fed. In other … Continue reading

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Bought GLD Jun 140 Calls @ 4.80

  Took the plunge today and pulled the trigger on a GLD option play. The setup looks favorable but I am taking a bit of a risk by anticipating a reversal rather than confirming one. Here’s what I like on … Continue reading

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Gold and Silver – 28 Dec

Intraday I use the GLD and SLV ETFs as proxies for the current Comex and world spot price for gold and silver. Do not trust either of these funds as a reliable long term investment vehicle. Gold gapped up on … Continue reading

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GLD Update: 15 Dec

As I thought might be the case, GLD has backed down into and through the gap formed on Monday’s opening. At the print of this chart, price has climbed back above the gap and is hovering just below yesterday’s close. … Continue reading

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