Thursday, September 02, 2010

GC Trades 9/1



ES,TF,GC,CL,6B,6S,6E 5min
GC 5min 

There was simply nothing else to trade except GOLD. I kept shorting it, and everytime I sent in a sell stop order, D would gently remind that everything else was soaring.

D: DOW's up 200 points.
Me:........
D: Oil's....
Me: Honey, please shut up. 

I decided to call it a day at 11am ET, and went out for my nic fix with D.

D: Guess why the market's up today
Me: So there was a reason that market went up??
D: It's China's factory order.
Me: Enlightening.... But I don't care.
D: But you have to know...
Me: I do, from my charts. I know something happened, I just don't know what it is, and I don't care.
D:......
Me: So, I suppose that would mean USD's down?
D: Yep
Me: Then, gold should have gone up, isn't it?
D:...well....no, coz everyone's buying stocks
Me: REALLY????!!!
D:....

2 comments:

longandwrong said...

Wait for the **** to hit the fan and see which moves first... price or the news-feed. There's the answer ;-)

Manjot Singh said...

i like the new look of the blog jules :) good one!