SEP ZB @ 161'18. S/L now placed @ 160'10.
Trading with a Killer
- Thread starter HedgeFundKiller
- Start date
Rather than a picture of Cramer, didn't you used to have a picture of a drummer in your profile? Furthermore, didn't Baron ban you for being a trouble maker back in 2018? As for my previous thread, I asked Baron to close it since I was no longer going to continue it. I suppose my previous thread was eventually deleted. Like I said, you posted the same thing to my previous thread. It is your modus operandi to post a YouTube video to people's journals. I remember you because you said, "Show us your war face", then posted the 'Full Metal Jacket' video like what you did on this new thread. You are a creature of habit.
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Out SEP ZB @ 161'16.
Long DEC GC @ 1519.0.
Today, I bought December Gold because the yield curve inverted for the first time since 2007; that is, the 10-year yield fell below the 2-year yield. This could be attributed to several factors. First, Argentina's default is looming. Second, the Hong Kong protest continues to escalate. Third, economic numbers out of China and Germany show a worsening global economy; namely, Chinese July Industrial Production came in at +4.8%, which is less than the 5.9% forecasted, and German Q2 GDP came in at -.1%, which is less than German Q1 GDP of +.4%. Fourth and last, the trade war between the United States and China is expected to worsen.
Ironically, I used a sell-off in December Gold yesterday as a result of President Trump’s announcement that there will be a delay in some tariffs until December 15. These tariffs were originally scheduled for September 1. December Gold fell to as low as 1488.9 yesterday. This sell-off has proven to be ephemeral as traders have bid December Gold back up. See first graph. December Gold is now trading at 1524.8.
I got in at 1519 because it is just above the 50% retracement level of Minuette Wave 1. See yellow arrow on second graph. I have since revised the graph since December Gold rallied to as high as 1534.9 today.
Ironically, I used a sell-off in December Gold yesterday as a result of President Trump’s announcement that there will be a delay in some tariffs until December 15. These tariffs were originally scheduled for September 1. December Gold fell to as low as 1488.9 yesterday. This sell-off has proven to be ephemeral as traders have bid December Gold back up. See first graph. December Gold is now trading at 1524.8.
I got in at 1519 because it is just above the 50% retracement level of Minuette Wave 1. See yellow arrow on second graph. I have since revised the graph since December Gold rallied to as high as 1534.9 today.