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Personally I would keep what you already have and look to add IF we get a retrace. i'm not holding my breath as TOCOM could open higher from here. 1st support in cash gold comes in around 671.3 then 670.5, silver around 13.5

I'll be looking for retest tonight for cash gold down to 670.50 and silver at 13.48. After the metals breakout of their consolidation periods, it is normal to see prices back away down to their respective breakout ranges. The ensures that the major market entities are able to cover and then...

finally got the breakout today. Even though I sold 2 of 4 contracts yesterday, this essentially ended up as a margin swap for the full silver contract. target remains 720-750 by May with silver @ 15 or so.

Out 2 @ 671.50. Lack of momentum on this uptrend is very weak and getting weaker. Both gold/silver trading in a tight range since 3/19. A break is due sooner or later.

I agree. This is evident by looking at Newmont and Barricks share performance. To me this underperformance tells me two important facts, their combined hedge books have nailed revenues and will continue to get worse as bullion prices increase. Unhedged mid-tier and junior miners are likely...

Added 1 full Silver Contract @ 13.11 today as well. (SIK7) Sure looks like todays dump was a planned event to shake out weak funds. V reversals like this precludes major price advances from prior experience. XAU/HUI also showing strength while the metals were getting pounded.

It's my belief that most of the Western CB gold holdings have already offloaded serious amounts of physical in the open market to suppress the price. The problem that the Western CBs now face is that most of these physical gold sales ended up being bot up by the Chinese and Russian central banks...

Going back 50 years is a bit too long as both gold/silver were fixed until the gold window was closed in 1971. MRCI seems to have the best historical charts imo: http://www.mrci.com/pdf/charts.php

Take your metals business over to COMEX/GLOBEX. The risk of running stops seems to be lower imo...

There are outlandish predictions for a much higher gold price but I'm more realistic about what price is achieveable over the next year to two. An inflation adjusted price of $2000 is possible imo. Keep in mind that India and China are huge importers of gold and utilize the metal as a means of...

I believe the bull market in gold is in an early stage 2 right now. The public is becoming aware but is still being discouraged from owning gold related investments. The whole point to a precious metals bull market is too keep as many investors away as possible until the stage 3 advance begins...

Here's my fill...

expiration of april options.. expiration of april futures.. 660 support demonstrated.. end of quarter fund closure.. seasonal demand from asia.. much weaker us dollar.. stronger energy prices.. trade imbalances.. bond yield inversion.. global ETF physical demand.. central bank sales...

Bot 4 GCM7s before the close today. Looking to offload around 720-750 before FND. This is how I roll...

It appears that every couple of weeks we hear about traders getting zapped with large losses because their gold position was stopped out far below or above their activation price. All I can say is using any type of stop loss orders for the metals can be extremely hazardous to your account. The...

Using stops for the metals is a precursor to disaster (especially on ECBOT) . Market depth for the metals runs very thin in the early morning hours and there appears to be some funds that have found a way to take advantage by running stops. I've replied to this topic on several occasions and...

Don't get me wrong, adding an additional layer of security is a great idea, however doing so while adding a complexity for traders is a very dangerous issue. I would recommend using the approach that most of the online banking institutions are using now which is the virtual keyboard. Customers...

I've been a very satisfied customer of IB for over 4 years now. This move creates mixed emotions for traders though. I am assuming that IB is going to mandate some type of RSA SecureID keyfob thingy right? So customers will have to wait to receive one of these by mail in order to login and...

i'm looking at about 1k traded right at the 68 print. globex now trading over 4k contracts in the 1st 30min. for trade date 3/28. some pretty good size comin' in on the bid right now. rumor or no rumor, prices are moving that's for sure.

volume on the spike to 68 was on about 1k contracts on globex. someone wanted in or at least to cover on some impending action imo still trading over 64 right now, about +1.13 higher from the close.