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- 1,052 Results (914 Replies, 138 Comments)
- anton.olff replied Feb 2, 2016
It was close, but I actually made a profit on that trade as it retreated. I think I am going to wait to see NFP before risking anything else.
Only Gold!
- anton.olff replied Feb 2, 2016
Took one cautious gold short at 1128 earlier. Tight stop at 1131 with target of 1115. Think we could see some covering before NFP. I get the sneaking suspicion that NFP is going to disappoint and gold will head for the 1150 region.
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- anton.olff replied Feb 1, 2016
Resistance is strong at this level...but I agree with ClockTrader. The bears are waiting.... The FED's Fischer is speaking right now trying to disarm fears of deflation and negative interest rates. Hard to see gold going up past 1200 unless central ...
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- anton.olff commented Feb 1, 2016
As my macho broker-mentor once said to me back in the 1990s when I was a Wall Street cub, "If you can't stand the heat, go back to the kitchen." He was referring to an unhappy male newbie whom had gone to cooking school earlier, but he meant it for ...
Trader exposes sexist horrors of the Wall Street ‘frat house’
- anton.olff replied Jan 28, 2016
Smart move/trade...and I don't disagree with your view. I am bearish too and see gold prices dropping in the latter part of 2016 and 2017, though I think that gold is not going to drop until it is clear what Fed is likely to do.
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- anton.olff replied Jan 27, 2016
Looks like gold prices have a bias higher with FOMC taking a rather "dovish" stance. Gold should reach 1130 before end of week, with possible extension to 1145-1150 area.
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- anton.olff replied Jan 26, 2016
I would like to see higher price rejected several times, before reloading heavy shorts....
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- anton.olff replied Jan 26, 2016
I wish I knew. I think gold prices are rather erratic now. I scalp it mostly as I see better opportunities elsewhere.
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- anton.olff replied Jan 26, 2016
Could be short covering, hedging...and or traders unwinding some shorts (profit taking). I still believe that higher price range is limited due to weak economies, deflation, the likelihood of oil and other commodities prices continuing to drop ...
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- anton.olff commented Jan 26, 2016
it will be more blah, blah, blah about how economy has improved but still has room for improvement and any Fed actions will be "data driven." Fed will never admit to any mistakes (like the Great Depression). They'll just continue on their course of ...
USD Breakout Needs a Spark - Will FOMC Provide it Tomorrow?
- anton.olff replied Jan 26, 2016
I took a low risk short on gold @1115...with a stop at 1121 and a target of 1088. It looks like gold though, could extend higher, perhaps on a spike to 1150. I do believe that prices are capped by FED...for now...and we are still in deflationary ...
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- anton.olff replied Jan 22, 2016
Yes, a very reasonable assessment. I am only scalping gold at this point. I think gold is stuck in narrow range until next NFP as traders look for clues as to FED's actions. Is the FED "one and done," or are they going to continue with rate hikes? ...
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- anton.olff replied Jan 21, 2016
Probably in a bit too early as traders are taking oil up higher...but shorting into rally. As for gold, price action looks a bit tight without a clear direction.
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- anton.olff replied Jan 21, 2016
Markets look ready for a relief rally. On sidelines until price action on gold, oil and DJIA futures, move higher so I can short.
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- anton.olff replied Jan 21, 2016
Very tempted to short as well, as 4H does indicate a retreat. Will wait until after Draghi speaks.
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- anton.olff replied Jan 20, 2016
gold at 1100...a great place to short...but could also see a lot of bid for extension to 1130
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- anton.olff replied Jan 19, 2016
It looks like gold will be in a relatively tight range for a while...or at least until more data is released with leans towards further rate hikes...or a pause in rate hikes. It also appears that gold is capped by relatively low inflation levels and ...
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- anton.olff replied Jan 15, 2016
Going to be real interesting how U.S. Consumer Confidence number comes in. You have a lot of bad news weighing on markets, and it appears by many measures that the U.S. is either in or going into a recession. Inverted yield curve tells the tale. ...
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- anton.olff replied Jan 14, 2016
Trading band is getting smaller...so we are likely to see a breakout at some point. I am out of all gold trades with the exception of longs in crude oil from 30.
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- anton.olff replied Jan 12, 2016
I closed one short...and now have one low risk short open. Long oil as well.
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