I guess it's an overplayed trade, with hawkish numbers looks like the rally is on pause...
Which way? Gold.
- Thread starter themickey
- Start date
$1550 seemed high. I cannot imagine it getting over that level again, unless war breaks out.
yes, there needs to be a major catalyst to move GOLD a good number. For now, it'll range in the $1400s...
mr overnight,
that was a hell of a good insight. I recall you posted that just a miniscule bit after that last major swing high. hats off sir
Thank you. And I did not act on it. Reminds me of the live cow call when it was at 99ish level, and I felt that was too low. Now look at it, up to 111. Oi! Frak!
That's my take on the whole market - nearly everything - October being a horrid reputational month, the market is like it's on holiday, very low volumes across the board, low movement, buyers content to do nothing at the moment, it's a waiting game right now - doldrums.
I did notice that ES volumes, when I glanced at it in a flash around lunchtime, seemed low. They are waiting for the FOMC I reckon'. Scary.
I guess everyone was on Paul Tudor Jones Bandwagon, my thought was he was long GOLD way before he mentioned it...winning in the markets is like "great sex "--Paul Tudor Jones