Trade Alert—DGLD
Yesterday, we moved our stops up to break even, which resulted in getting stopped out of our DGLD trade. The reason we did this, is because gold trades 24 hours a day, but DGLD only trades from 9:30 to 4 EST. So, when we are near our stop, we don’t want to hold DGLD overnight … read more Trade Alert—DGLD
Trade Update—Stop Changes
Yesterday we issued an alert via e-mail: The Federal Reserve minutes of their last meeting were just released at 2:00EST. This always provides for a brief volatile period in gold. In the minutes afterwards gold spiked, dropped back down, and has now settled in where it was before the release. Our sense of the market … read more Trade Update—Stop Changes
Trade Update 5/23
This is just a quick update on what we are currently looking for with our current two trades. In last weekend’s update, we posted the below chart to show that gold is reaching a timing window where it typically will decline. There is no guarantee that it will happen, but if it does, we want … read more Trade Update 5/23
Trade Alert—DGLD
Gold is testing a solid resistance here over the past few days. The Dollar seems to be putting in a bottom as well at support. We purchased 200 shares of DGLD @ $49.07. This is a small starter position for now, until we have more confirmation that this move is underway. Right now we are … read more Trade Alert—DGLD
Trade Alert—UUP
In this weekend’s update, we suggested the USD might blow right through the support drawn on the chart, and this morning it did. We have been expecting a bottom to be put in this week. The USD tends to trade the opposite of the Euro. Sort of like opposite ends of a see-saw. We like … read more Trade Alert—UUP
Trade Alert—SPXU
The stop that we posted in the weekend Newsletter has been hit, and we exited the remaining half of SPXU at $16.38. Total return on the trade was 1.6%. The US markets are at a point where they could go either way, so we will just watch from the sidelines for now.
NL #112 Trade Update
Today we closed our remaining position in USLV and JNUG. While it is likely gold and silver will rise a bit more, the risk is rising as well. Since we believe the current rally in gold and silver are a counter trend rally and the intermediate trend is still downward, we locked in our profit … read more NL #112 Trade Update