Gold is on a bear tear!

bone · Oct 4, 2017

The CME Span Margin Credit for a Gold (GC) versus Silver (SI) spread is 75% and the exchange listed ratio is 1:1 for the inter market spread.

http://www.cmegroup.com/trading/met...sector=METALS&clearingCode=CX-SI&pageNumber=1

maxinger · Oct 4, 2017

bone said:
Are you using the exchange supported Spread? I am. The synthetic Spread expressions with illiquid markets are not practical.

BTW, the maintenance margin on that particular Spread is $225.

http://www.cmegroup.com/trading/met...de=GC&sector=METALS&exchange=CMX&pageNumber=1

I was plotting the synthetic spread expressions.
OK. Now I understand there is exchange supported spread.
Thanks.

themickey · Oct 5, 2017

After hours USA time gold is doing dummy ralies, more downside ahead yet I believe.
Edit: Saying that, looks like copper just now is breaking out upward.

shatteredx · Oct 5, 2017

Gold still within the current intermediate bear trend. The low could be in, though.

themickey · Nov 30, 2017

Gold price looking very hairy and dangerous atm.
My analysis is it is shaking out weak hands.
Will remain in all my long positions.
Likewise copper, quite some shaking going on, remaining long.
Will re-evaluate day by day.

shatteredx · Nov 30, 2017

Potential long setup if gold bounces off the rising weekly trendline.

themickey · Dec 4, 2017

I've turned bearish and sold out all positions.
The price looks tired and so am I, gonna give gold a rest for a while, hard work trading this stuff.

shatteredx · Dec 5, 2017

themickey said:
I've turned bearish and sold out all positions.
The price looks tired and so am I, gonna give gold a rest for a while, hard work trading this stuff.

Yeah, I gave up trading gold a couple months ago.

Probably means it's gonna start moving nicely again lol

themickey · Dec 5, 2017

shatteredx said:
Yeah, I gave up trading gold a couple months ago.
Probably means it's gonna start moving nicely again lol

Yes that's normally what happens when you throw in the towel.
The Australian gold index has done well recently which feels like an exception but will not push my luck any further.
Copper futures hammered hard overnight but I'm in only 2 positions on copper and will continue to hold those.
Yesterday I had a big sell out all up and sold out of 17 positions, still holding 6 positions atm.

themickey · Dec 13, 2017

Looks like a bottom has been hit but the signal not quite strong enough, will await further confirmation before committing.