A compelling example why I want to be neither, beyond a single intraday session, at most. Look at the carnage that happened 9 months ago in May and June, culminating in a one-day $51 sell-off to an exhaustion low on June 13th. Ever since then, I've treated gold strictly as an intraday, counter-trend trading instrument.
COT report shows record longs, both in number and in speed of increase - way out on a limb here, but we should see a correction very soon.
Silly question here...but is it possible to trade spot gold? If so what is the symbol and what exchanges is it available on? I'm familiar with the futures (YG, ZG, GC) Thanks.
"spot gold " is not traded on any futures exchange some forex dealers and banks offer "spot gold" trading I think a london outfit called -thebullionvault- has a market in "spot" but am not sure if they promote frequent trading
gold has ben paying more attention to the "carry trade" in recent days what will they ( the funds ) think of next for it to follow ?
current gold (spot) and indicators. most of the market melt down today. gold is still resisting. but indicators are indicating a weakness. gold bulls to be mindful tonight and tomorrow.