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Sup Surf dont you think Gold might rally for a day or two? Before it continues the slaughter?

Lets pretend he is wrong. You can still make money as gold goes down. I made so much money shorting gold these last few days. Isn't that what it is all about. Trying to be right or wrong is very very costly.

sold long ES at 1405.50 for 2 contracts +43 points total. See you tommorow for those employment numbers

Correction, Going short this morning might have been very plausible, but all these intra day short looks too me like very low/risk reward possibilities.

Personally, Going short on a day like today is insane.

Btw, the initial plan was about a 3:1 risk ratio. That is the setups that I dream of. Oil/ Gold can deliver that kind of low risk trade all the time. Still it was a bad call. I will try to give more details especially if I make calls like that. Usually all of my calls based on...

Still long from 1384.00. I still think we close +1400 today.

That is why I bailed. I use technical analysis, but I am sometimes influenced by Fundamentals. Then I have to come to my senses.

That is why I bailed. I use technical analysis, but I am sometimes influenced by Fundamentals. Then I have to come to my senses.

We are off to the races. See you at 1400+ close today

Long ES at 1384.00 Stop at 1367.75

I am still short. GOing to stay short

Stopped out at break even. Wrong call. My apologies

Sold Gold at 881.00. See you at 850. I might have gotten a better price later tonight, but I am so bearish on gold I dont want to miss a nice move squabbling over a few points.

The fed does not even give a shit about the dollar. Next week we will get new Crude oil highs. I am long at 114.50 with a stop at 114.13.

Covered all my shorts after the fed cut as well. I knew the jig was up. However, I did not buy.

Would someone please fire Bernake. He is fuckin over every American in order to save corrupt big banks and the Stock Market. How can they just devalue the Dollar and continue to do it without regard for the price of food and enrgy?

No they get it from the ground. Their costs is the same.

Because their cost/ barrel to produce has not really gone up. What do you expect them to do just sell it at a discount on the world market? Why should they? Dont blame the oil companies for selling a product at a current market price. Blame the idiotic government for destoying the U.S. Dollar.

I took some profit today.