One thing about gold, when it's in hibernation it's frustating and will test your nerves, but once a serious rally underway, due to the bs hype this commodity undergoes, it really hits the straps.....
This is where I became a large position bagholder, anticipating a breakout @ 1950. Doesn't pay to lead this horse.
Not gold related, but US markets could have a bloodbath today Friday. Gold however most likely turn green.
As expected, but gold remains weak, unconvincing. Expecting a bounce in mining, energy, Financials. My outlook on gold; not going anywhere in the short term.
I got stopped out on Energies today on last add on positions, but bought the close/hedged. Was long term short Indexes/hedged and lifted the hedges, hedged my stock position with ES contracts. Very fun day. Made first targets on 10% of position, have better than breakeven stops on the 90%.
Seems that pump prices should be down about 20 cents/per gallon this weekend at the pumps, since RB for Jan delivery is down 27 cents or so.
I'm going to be out of action for a day, therefore unable to make a gold call Monday US time, but it appears atm to be drifting upward.