I'm on the short gold surf train. All other commodities were down. How can you explain the divergence Gold and silver vs the other metals? More demand from central banks?
Hey EPrado--surf is definitely wearing his red nose and orange afro every time he talks gold. He's been short gold since like 700, it's gone against him 100%. Now that's quite a feat to be that wrong with no admission. lol
My old horse friend...how ya been? I am still hurting from Ice Box not winning The Derby. Actually haven't been playing the horses much at all....been putting all my efforts into trading. The horse game has changed too much...synthetic tracks....horses retiring too soon....drugs/cheating trainers.....the game has gone down hill fast. As far as Surf...he has his strategy...while I don't agree with a lot of what he does/he says.....if it works for him, that's all that matters. The guy does have some very good ideas (CROCS...great call...but way too early)....but he insists on stepping in front of trains.
Thus spoke Zara...., I mean your modesty. After your position being up almost 10 pts, you are promptly back at breakeven. Also, if you ever studied gaps under me, last night was an excellent 2nd gap play and when ES at 95, you had a pretty much guaranteed 5 pts gapfill if you were long. (in your case closing the shorts and switching to long, you still would have got the 10 points) Now it is Tuesday...You know what it means???
Yes, ofcourse, there has been no change. waves of bad macro news on the way. Ramping up position size, adding 2 more contracts at 1302.50. Staying short gold and SP It's going to be rough...