Category Archives: Gold

Gold – 6 Jun

“Gold” painted a short term higher high before the big downdraft all but erased the gains of the day. Have fun out there trading this paper. The whipsaws make me laugh. So much easier to stack the real stuff and … Continue reading

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Gold – 13 May

Paper gold sure has taken a shallacking this last week! This really sucks for the long paper trader and is great news for the physical gold saver and the paper shorts. This market is kept alive by and for the … Continue reading

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Gold – 23 Apr

Paper gold painted a hammer candle today on a big intraday reversal in price at support near 1625. The hammer came on normal to mediocre volume and therefore does not lead me to believe that this is a signifies a … Continue reading

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Gold -18 Apr

Paper contract gold, through the futures market, dictates the price of physical gold. This is a temporary situation that will end in crash of confidence when the ability of paper claims to hold value and to provide a path to … Continue reading

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Gold – 16 Apr

The short term trend in paper gold ended just as it got started. Price closed right at short term support of 1655. Further support is down at our old friend 1625. So the chop between 1680 and 1625 continues. This … Continue reading

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Gold – 30 Mar

Traders of paper gold rejoice! Stackers of physical gold yawn. Officially the gold chart shows a short term up trend defined by a higher high and a higher low. The games played are the games that please us in the … Continue reading

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Gold – 26 Mar

Paper gold confirmed what looked to be a bottoming process last week. Price closed way up on climbing volume. I guess the paper players are running in the opposite direction, believing the Bernank is going to inflate after all. So … Continue reading

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Gold – 13 Mar

Risk on trade was back in a big way. That means sell paper gold and rotate into stocks. The paper longs that play with paper gold did just that. The paper longs that think they have legitimate exposure to gold … Continue reading

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Dan Norcini: Gold crashes through support at $1680

Gold crashes through support at $1680 by Trader Dan With the mass exodus out of safe haven trades today and into stocks, gold is being sold off with the idea of taking those funds and plowing them into the equity … Continue reading

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Gold – 6 Mar

Paper gold spanking part two has brought price down to the 200 day moving average where buying support materialized. This is as it should be because the 200 day moving average and price rarely have met in the last 11 … Continue reading

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