Entry level (short) = 1425 Stop loss = 1455 (30 pips) Margin required per 10oz contract = USD$139 Risk per contract = USD$300 Target = 1320 Risk:reward = 1 : 3.5 Exit level = 1356 (stopped out) Profit per contract = USD$690 = 496%
Weel looks like it may have resolved to the upside... bit weary being end of month n all On a side note gold seems to be inverse of the nikkei
long posi in gold picked up here... was going to pick up some silver too but silver is being a bitch ATM Have a feeling things in the middle east could get tense over the weekend :\ **EDIT** Tense https://twitter.com/search?q=#occupygezi&src=hash http://www.itv.com/news/story/2013-06-01/clashes-after-turkey-protests/
Hey thatguy, I have not posted on this thread, and don't trade in silver. But I wanted you to know I am always checking it out and very much appreciate the info you provide. Southerner
http://traderdannorcini.blogspot.com.au/2013/06/gold-etf-gld-bleeding-inventory.html Great post by a bearish traderdan... anyone who invests in PMs and does not follow traderdan is a fool!
Applies to trading not investing. Norcini is correct when he refers to traders. He does not refer to investors or savers in PM. There is a difference.