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I think were still headed lower. 640 would be the first support area to look for a low but if that doesn't hold, then 600 is a rock solid support platform. Gold had everything going for it the last 2 months and simply refused to break to fresh highs. All the reasons as to why gold couldn't break...

Why don't you try the Comex Mini Copper contract?

I already got out of PAM7 with a $20 gain about a week after I got long. I don't normally play the PGMs but the setup was there on Palladium so I took it...

As far as I can tell, last Friday's GDP #s marked some type of intermediate low for the Dollar. It bounced off of that 81.3 area every time so far. With the EUR and GBP coming off multi-decade highs, I would place high odds that the DX is going to breakout from this wedge. This off course should...

DX is already starting to bottom out now it seems. EUR/GBP and Gold starting to backoff a bit. If the payroll figures surprise even the slightest, then I think the funds will begin to heavily liquidate the already crowded dollar short trade. This of course is likely to place significant selling...

Take a look at the 5-day USDX chart. There is clearly some buying or propping occuring right at 81.3. This very well could be the line in the sand by the powers at hand. The media may mumble about how good a weaker dollar is but in reality, a dollar crisis could reek havoc on the bond/treasury...

Trade-Weighted U.S. Dollar Index Falls to Record Low ``We are around its cheapest level in decades,'' Sinche said. ``The market is about as negative about the dollar as it can possibly get.'' http://www.bloomberg.com/apps/news?pid=20601083&sid=ajNvK2X4Uqkc&refer=currency In my view, we...

Bearish looking setup on Platinum now as well. The entire metals complex could be on the verge of a significant meltdown imo...

Just look to FCX for clues regarding copper prices...

DJ MARKET TALK: China Copper Futures Face More Downside M/T 0136 GMT [Dow Jones] Copper futures on Shanghai Futures Exchange sink in response to losses in LME 3-month contract overnight; market due for correction following sharp gains, analysts say, and "copper is likely to see more losses...

Technical Sell Signal Today...

Yes, I'm also very disappointed in this run as well. We probably could have made it up to the 750 target if there wasn't so much physical supply that was dumped onto the market these past few weeks. The ECB sales really did the gold price in for now. I sold some june gold tonight and i'll look...

I caught that as well. There was some very interesting action this afternoon. Buying keeps coming in at 686 when ever they try to break it. Strong possibility that they will get it up and over 700 here real soon. Back in on the long end but with a real tight leash.

Stop losses on ECBOT are suicidal by nature after normal market hours. Haven't you heard about the gold traders getting raped by using stops in thinly traded sessions?

Metals are looking much more vulnerable to a selloff now. The major US and European Indexes are starting to pullback and I don't think that gold/silver will be spared. I'm quite disappointed with the performance of both gold and silver on this run. Locking in profits and now looking for a decent...

trying to breakout over 691 cash trade tonight in Asia. Europe could possibly open metals higher over resistance tonight. Silver also getting anxious to stay back over 14 as support. Could be on the verge of a nice upside break here soon imo. just sitting tight and right for now.

Short-term bearish by all means. Still holding long. We've typically seen the EUR and GBP moving higher in tandem with gold in recent months and gold's performance thus far has lagged in comparison. (i,e. EUR/GBP are at or near record highs against the dollar). The move in copper has been...

Intermarket stuff clearly not acting favorable for gold at the moment. Copper running up, Dollar running down. Possible pullback to $680-$685 area on june gold is a probability. XAU/HUI seems to be taking a break now even though the broader indexes remain strong today. GLD pulled a reliable drop...

sure enough, buyers stepped in just as cash gold got to 683 and silver to 13.85. gold is trading over the february high now and RSI looks very positive after waffling around for the past 3 weeks. 700 is a nice round psychological number but in reality, breaking over 730 will attract some...

I took a position in June Palladium last week @ 364.45 on COMEX. The PGMs are not nearly as liquid as GC/SI and the spreads are much further out. After the pit session closes, the spreads are even worse. I only take positions in PA/PL when the risk/reward ratio is worthwhile. From a daytrading...