Take A Hint
Seems like most of you regulars are either gone or are in the process of heading for exotic locations. Can’t really blame you as equities continue to run in circles and exhaustion levels are pushing to new extremes. So I’ll make this one brief and just highlight two recent entries – gold and bonds – as they are representative of the larger picture across the board.
While copper went nowhere fast I managed to grab an almost perfect entry on the gold front. Everything looked spiffy until just a few minutes ago when the July payrolls caused a sudden drop which unceremoniously snagged my stop.
Same thing happened on the bond side – my ZN campaign looked like it was finally good to go and bam! suddenly my stop (fortunately at b/e as well) got taken out.
Which I think concludes my trading endeavors for this week. It’s mid August, it’s hotter as hell over here, and given low participation and generally toxic tape my time may be better spent at a local Spanish beach with an ice chilled mojito in my hand. So I’ll see whoever’s left on Monday morning – enjoy your weekend!
The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.