August Gold (GCQ7)

Discussion in 'Commodity Futures' started by Realist, Jun 14, 2007.



    lose some, win some, sound familiar?
    #31     Jul 3, 2007
  2. guys ... a heads up

    do not trade size in thin conditions

    ( i.e. july 4th holiday )

    to much funny stuff and squeezes going on

    lost my weeks profits and part of last weeks too

    oh well ... I should know better

    #32     Jul 4, 2007
  3. Realist


    Gold now facing a 3rd phase of overhead resistance so far since the April top of 692 cash. Unless gold can break over this downtrend line decisively, the bulls will likely give up and give into the bears yet again. We need to see a hard move right back over 666.10 basis GCQ in the coming days or else the risk remains to the downside...
    #33     Jul 4, 2007
  4. Realist


    Very similar instance with the mining shares (GDX) which continue to bump up against downtrend resistance. A formidable target of 35 on the GDX ETF remains if there is no significant follow through to the upside here very soon...
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    #34     Jul 5, 2007
  5. Realist


    After today's breakdown under the 20EMA yet again, it appears that 632-635 cash gold is the next downside target. If gold can't hold support at the March 5th low of 632 then the door opens to a downside move to 615 imo...
    #35     Jul 5, 2007
  6. ToTrade



    Where do you get your spot gold charts from? I am looking for realtime intraday spot gold feed/charts.

    #36     Jul 5, 2007
  7. HUI XAU up on a down gold day.....

    I sense that Al Qaeda may make good on recent threats since a bunch of doctors jammed propane tanks into SUVs

    even the doctors screwed that up...
    #37     Jul 5, 2007
  8. I agree with this failure at channel resistance so we should target support at 635
    #38     Jul 6, 2007
  9. Realist


    The divergence between gold metal and the XAU/HUI continues today. This divergence appears to be fairly powerful and judging from prior experience, I am choosing NOT to fade this indication. Therefore I am back long GCQ7 as of today as the gold shares are currently pricing in an imminent up move of $15/20 in the gold price in the coming days imo.
    #39     Jul 6, 2007
  10. #40     Jul 7, 2007