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- anton.olff replied Mar 16, 2016
Fed's downgrade of economy means fewer rate hikes...and likely, higher gold prices. Indeed, the Fed has now changed the outlook from December and just might revised it again later this year...downward.
- anton.olff replied Mar 10, 2016
We have a deflationary environment right now due to weak global economy and too much central bank intervention. ECB is trying to stimulate the European economy with lower rates + QE. It's likely to fail, which should make gold more attractive in the ...
- anton.olff replied Mar 10, 2016
a gift from Super Mario! Went long on gold at 1238. Think we could see extension to 1288 before end of month.
- anton.olff replied Mar 4, 2016
OK...so now we've seen pattern that's been the repeated over last few years. Gold goes lower in 4th quarter, retraces higher in 1st quarter, and then down. I've been on sidelines with gold this week, until today. I am now adding small shorts from ...
- anton.olff replied Feb 19, 2016
Good call ClockTrader. U.S. CPI went up which changes the Fed rate hike bias to more hawkish. I got back in with short from 1229.....and will add if price climbs as well.
- anton.olff replied Feb 18, 2016
On sidelines for now. Not sure we'll see much price movement today. Tomorrow's U.S. inflation numbers should give move gold price.
- anton.olff replied Feb 15, 2016
Exactly right. Glad I left my shorts open from 1258, 1254...and just took nice profits at 1207!
- anton.olff replied Feb 11, 2016
Top of the downward channel....another reason to short.
- anton.olff replied Feb 11, 2016
@Clocktrader....gold has gone up since the FED hiked rates in December for very good reasons. First, buy the rumor and sell the news. This is definitely a sell the news situation on the USD (against other currencies as well). Second, many traders ...
- anton.olff replied Feb 11, 2016
Yes. Opened 2 shorts at 1239.
- anton.olff replied Feb 10, 2016
We both might profit!! I'd like to see gold go higher so I can add shorts. I don't think Yellen will backtrack too much on what she has said or done already, or the credibility of the FED goes out the window. I see gold ranging for 1st qtr from ...
- anton.olff replied Feb 9, 2016
Closed 2 shorts at 1188. On sidelines for now.
- anton.olff replied Feb 9, 2016
Here's my well tested reason. If you are long, I am short.
- anton.olff replied Feb 8, 2016
Gold at 1198...I am ready for my shorts Mr. DeMille.
- anton.olff replied Feb 5, 2016
Could be some profit taking that might push gold price down...but with poor NFP, and a revision to last month, we got deflation & stagnation...so traders might push prices higher with the thought that the FED's rate hike was a "one and done"
- anton.olff replied Feb 4, 2016
It's very likely we will not see much movement for rest of today as traders wait until NFP.
- anton.olff replied Feb 4, 2016
I just opened a short at 1153 with SL@ 1161 and target of 1135...but will add more if gold touches the 1160 level.
- anton.olff replied Feb 4, 2016
I think gold is topping near 1150. 0% and/or negative interest rates with low inflation (deflation in most cases) is not conducive to higher prices. The market looks oversold and benefiting from the lack of yield in other asset classes as ...
- anton.olff replied Feb 3, 2016
I love this volatility!! Gold wants to go to 1150, EUR to 1.1100+ but these are such great levels to take shorts from. NFP on Friday is key to direction of market.
- anton.olff replied Feb 3, 2016
U.S. ADP report was positive, but ISM was not...and gold is flying higher. I want to short into this rally but think we could see gold to 1150 before NFP.