Hello Readers
Once again another bad day for the commodities.
To the MA once again you will see we attacked gold again at 1658.40 and covered at the 1630 level.
All in all a wonderful week for the MA's over 4% in 2 days.
While this is great please note that this is the exception not the norm.
Its important for all to understand that I am not a gold hater just a trader.
I get paid on the money I make for clients not the calls I make.
The easiest thing to do is just make calls on contracts with out fear as there is no financial loss.
When there is financial pressure on the decision you make peoples stress levels or pressure to cope increases 10 fold.
When there is loss the calls become far more precise. Just Be aware of it.
We also took up shorts in the market 1456.25 and 1460 and holding over the weekend.
Note for all as we do have weakness over the coming days be aware to the fact that if money is coming out of Fixed interest and Commodities well its got to go somewhere.
Its doesn't just sit in cash.
Market today had a nice up move but without the leader AAPL.
So can the market keep trading higher without AAPL time will tell but I dont think so.
Enjoy your weekend
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
Once again another bad day for the commodities.
To the MA once again you will see we attacked gold again at 1658.40 and covered at the 1630 level.
All in all a wonderful week for the MA's over 4% in 2 days.
While this is great please note that this is the exception not the norm.
Its important for all to understand that I am not a gold hater just a trader.
I get paid on the money I make for clients not the calls I make.
The easiest thing to do is just make calls on contracts with out fear as there is no financial loss.
When there is financial pressure on the decision you make peoples stress levels or pressure to cope increases 10 fold.
When there is loss the calls become far more precise. Just Be aware of it.
We also took up shorts in the market 1456.25 and 1460 and holding over the weekend.
Note for all as we do have weakness over the coming days be aware to the fact that if money is coming out of Fixed interest and Commodities well its got to go somewhere.
Its doesn't just sit in cash.
Market today had a nice up move but without the leader AAPL.
So can the market keep trading higher without AAPL time will tell but I dont think so.
Enjoy your weekend
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
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