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Hansel H

Registered: Oct 2007
Posts: 635

06-01-12 02:11 PM

Here's Gold's reaction to the 69k jobs figure this morning.

http://www.kitco.com/charts/livegold.html

Looks like anticipation of more QE.

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Hansel H

Registered: Oct 2007
Posts: 635

06-01-12 02:23 PM

Pretty smart analyst. Go to "we could see silly levels for gold" May 24

http://www.kitco.com/KitcoNewsVideo/

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murray t turtle

Registered: Dec 2001
Posts: 6272

06-01-12 05:46 PM

Quote from Hansel H:

Here's Gold's reaction to the 69k jobs figure this morning.

http://www.kitco.com/charts/livegold.html

Looks like anticipation of more QE.

=========
Mr Hansel H trend;
You maybe right; but ''why '' is a fundamental word

It also may simply be a logical place to buy a long term uptrend

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Hansel H

Registered: Oct 2007
Posts: 635

06-01-12 07:17 PM

Quote from murray t turtle:

=========
Mr Hansel H trend;
You maybe right; but ''why '' is a fundamental word

It also may simply be a logical place to buy a long term uptrend

Folks are buying > $628 today vs 540's yesterday. 12% premium for not buying into that trend 24 hours ago. US $ off a tad, but Gold way up. At the moment at least Gold is the safe haven of choice.

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murray t turtle

Registered: Dec 2001
Posts: 6272

06-01-12 09:49 PM

Quote from Hansel H:

Folks are buying > $628 today vs 540's yesterday. 12% premium for not buying into that trend 24 hours ago. US $ off a tad, but Gold way up. At the moment at least Gold is the safe haven of choice.

===========
Sounds right.
Not that most of those''moment'' buyers are day/short tern traders;
only one small 60 minute selll candle all day.Most likely all of these buyers are in for a trend[longer than a day.............................
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PIGS[Port...Spain, ..JPM pigs,BAC pigs Citigroup pigs/LOL maybe helping intentionaly or accidently...........................................................

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ddlee

Registered: May 2002
Posts: 145

06-02-12 07:06 AM

The option volatility has gone up. I am long nov 25 calls on the GDXJ bought may 7 at 1.5 with the gdxj at about 21.50. The calls closed at 1.55 on the ask with gdxj at 20.66. Unless you are just swing trading the options for a few days buy alot of time, The swings day to day are not for the faint of heart

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