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Yes, still long. As I mentioned on Thursday evening, I suspected more selling on Friday due to December FND for both GCZ7 and SIZ7. We should begin to move higher from here imo but even if there is some further downside then 770 should hold on gold and 13.80 on silver for closing prices. Only if...

13.80 is also the 20-Week EMA which has been support thus far in the run. It was also support during the 05-06 rise as well...

I added more ZIH8. You gotta try to buy this shit when it makes the least sense to do so, or is it?

I believe that today is FND for both December Gold and Silver. I would suspect that there could be some additional downside during the COMEX floor session. I got news for you guys, if the boys push the metals down hard (-$20 on gold & -$0.50 on silver) then I plan to step up my risk factor and I...

Actually the GS call needs to be looked at a bit further in detail. They are not recommending an immediate short position in gold but point out that gold could trade in the mid-600's during the Summer '08. Personally, I have been looking for the metals complex to top out in late Spring '08 at...

Another important development for GLD today as the NYSE will move GLD trading over to NYSE ARCA next month. I believe that this move is to allow NYSE member firms to access GLD on the ARCA book during Asia and Europe trade when NY is closed. It's appears that member firms would like to access...

No stops on gold... I'll go down with the good ship gold if I have to! Using hard stops in the metals complex is a sure fire path to losses and getting kicked off the trend at this point will prove to be foolhardy imo... The downside risk is maybe $30 while the upside risk is far higher. The...

Rolling over from December Gold and entered ZGG8 at 796.30 cash gold today. Nothing new has changed as I still expect far higher gold and silver prices by the May/June '08 timeframe. As of today, the total fund holdings in GLD stands at 609 tons with no let up in the fund additions. There are...

I really don't know anymore from a short-term standpoint. What I do know is that both silver and gold should move higher until at least April/May '08. If I am wrong, I do have a stop at a predefined area to avoid any significant losses. A close under 14 would likely call it for me on this trade...

You know what, I really don't care about the short term volatility any more. I simply do not want to be left behind when the major move comes. I am taking 1 friggin' contract of ZIH8 and I'm just gonna hold it through thick and thin until FND. Let the Comex bastards do whatever they want!

GLD added a whopping 18 tons yesterday as the gold price got sold down. As more weakness continues today, if there is yet another big purchase by the fund, then it will become obvious that a major player is very interested in gold at the 790-800 range...

GLD added 18 Tons yesterday and the fund is now carrying over 600 tons total. There is no let up in the amount of gold being purchased by investment funds who are obviously anticipating much higher gold prices. One of the major buyers in the GLD is BlackStone. All of the damage to gold appears...

Yes, it is looking more like the correction is complete in the metals now. However, with the DX hitting 74.60 last nite, gold is still only at 815 which is pretty disappointing imo. I reloaded a small gold position at 805 and instead of silver I have a basket of $XEU, $GBP and $CHF. Until some...

Hmm, Let's see here... Dollar at new all times lows... Check! Euro at new all time highs... Check! Crude at new all time highs... Check! Gold at new all time highs... ??? Silver at new all time highs... ??? The smell of manipulation and intervention in the precious metals complex...

Silver is still technically bearish in the short-term though imo regardless of any rallies that might occur. Unless 15 is reconquered, things don't look very good. I have decided to stop trading silver futures as the amount of manipulation in the metals complex is becoming much more blatent as...

It appears that the rally in the DX is complete and the downside has resumed once again. As of today, Crude and the Euro are breaking out to new all-time highs against the Dollar. However, gold is still $50 below its record high and silver is also well below where it should be. It goes to show...

Nothing has really changed since yesterday. Still sitting on the fence as the possibility for further declines in the metals complex looks possible. Even with Crude back above 95, gold/silver is still showing some relative weakness now. We may have seen the highs put in for gold this year...

Looking very similar to the May '06 top now. Especially as the gold shares peaked out a few weeks back which can represent a foreshock to gold bullion prices. Next stop 700?

Another confirmation that the trend may have ended is that GLD looks set to close under its 20EMA which was tested as support 3 times during the uptrend from early September. If the 20EMA breaks by the close, then I would conclude that a new downtrend is underway. I think the worst case decline...

If cash silver goes below 14.20 then I would consider standing aside as prices could come down even further. I was very disappointed to see the breakout in silver being completely reversed :( This could be some kind of major top as a result since 14.85 should have held on a closing basis if the...