Any ideas on gold at 10:45.........WOW the bottom just fell out on 8 gold stocks....Someone is going to be canned over this one....A basket of orders went out...........Then the vacuum sound sucking all the stocks back to where they started........I was killed on the drop but made it back on the rebound......That was the most fun trading I've had in years...... Im looking for news but the best I have is my trade the news...... VARIOUS METALS AND MINNING STOCKS TICK SHARPLY LOWER - not seeinga any fresh news but a number of gold and silver stocks sold off in tandem on chatter of program trades - reminder there were reports just after the open of routing problems on the NYSE but there has yet to be any reports of broken trades [RGLD GG PAAS FCX NEM ABX AEM HMY] Anyone ?
I actually like Gold at this level for the near term, Oil too. Why? The charts. Could be a nice swing trade. http://www.elitetrader.com/vb/showthread.php?s=&threadid=94270
BOOOO! Gold going down... silver going down.. oil going down.. you just need about $2000/contract of wiggle room...