Recent content by EliteTr4der

Yea...But its soo shiny!

I was looking to buy some bullion below spot on ebay and look what I found. What a Great Gold investment!! LOL http://cgi.ebay.ca/ws/eBayISAPI.dll?ViewItem&item=150128390199

$875 will be hit in the 4rth quarter according to my charts.

Precious Metals (Junior Gold and Mining Companies) http://broadcast2.globeinteractive.com/robvod/media/2007/04/03/robtvhigh_304x228_143kbps_bgmilogger4_1175617767.wmv

Spot gold has already rallied $15 from its low.

I myself am not a spread trader, but it can be a very profitable strategy. As long as you trade a conservative amount of contracts relative to the size of your account. You will do just fine.

http://broadcast2.globeinteractive.com/robvod/media/2007/02/12/robtvhigh_304x228_143kbps_BGMILOGGER3_1171324768.wmv Just skip through the commercials....

http://broadcast2.globeinteractive.com/robvod/media/2007/02/08/robtvhigh_304x228_143kbps_bgmilogger4_1170955767.wmv Just skip through the commercials...

Obviously the correlation between gold and the US dollar is weak on a day-to-day or tick-by-tick basis, but quite strong when looking at longer-term price trends. As you can see in this chart Gold does tend to foreshadow movements in the $DXY.

If the $DXY breaks to the downside we may very well test 81 or even 80 by mid March early April. However, a close above 85.50 would be devastating for Gold. I was stopped out last Friday for a nice $20 profit (caught the move from $635 to $655). Currently neutral until the DXY breaks either way.

I also get nervous when CNBC is touting gold. However, this is primarily a dollar story. Please have a look at the chart I've posted below. This is the third time the dollar has been unable to break the downward trendline. If the current trend continues the DXY will break 80 no later then...