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  • Gold Target for Monday Mar 30

    Posted on March 30th, 2009 1 comment

    Signal: Strong Buy

    Buy: $920 | Stop: $915 | Target: $939

    First point of resistance sits at $928, breaking this resistance should take gold up to $942. My realistic target for tomorrow is $939. Heavy support around $915-$920, if it breaks I’m going to turn into a short term bear until charts tell me otherwise.

  • Gold Target for Monday Mar 23

    Posted on March 22nd, 2009 1 comment

    Signal: Strong Buy

    Buy: $945 | Stop: $939 | Target: $969

    First point of resistance sits at $970.1, breaking this resistance will signal a swing to $1014 by the end of next week. Heavy support around $940-$945, if it breaks all bets are off.

  • Crazy Week! Down 20%, Up 20%, Finished Even

    Posted on March 22nd, 2009 No comments

    Wow, what a week. After kicking myself in the rear for entering AUY early, everything seemed to pan out quite nicely thanks to the FOMC meeting. At the end of the whole ordeal, I came out of the week even and I get to work with a nice momentum swing to the upside. At this point in time I will start taking my profits off the table and ride a much smaller lot.

    On another note, it looks like the US government has no care for the USD and inflation is the clear goal. With that being said, I’ve shorted the USD/CAD at an avg of 1.28 and I have fairly decent positions in GDX, HGU, NGD. I’ve been extremely busy lately with work so I haven’t been able to keep everyone updated as much as I hoped for, but I’ll do my best.