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Tuesday, February 12, 2013

12th Feb 5.58amNYT

Hello all.

We see North Korea has tested its nuclear ambitions.
If it wasn't for the Chinese I think North Korea would be the new testing ground for US missiles.
Anyway Such is life and we move on .

Gold and silver positions we have closed as all MA who watch our every move will know that we have closed out 1640 and 3060. Our target price.
We continue to hold the Oil, Bonds and Market shorts at the present time.

The market is continuing to see more lay offs from Finance as computers algorithms continue to take over.

A reader sent me an email about the clowns at CNBC now turning bullish on AAPL, after a week ago the same people said the stock was a $400 stock... You got to love it .

I just want to make the point here that yes the metals can fall further, but we need to start banking trades.Line in the sand for gold is the 1633-1639 area, should it trade through that I think we could see some massive commercial liquidation.( my humble opinion)
Oil either today or tomorrow will trade under 95, while I am confident it can trade under $90 we will need to close out the March. As April is becoming the front month by the end of the week.

As always please use the above as an indicator to your own work.
Futures trading can produce huge profits and losses
Past performances are no guarantee for future performances.
Ask your financial advisor on more on the above.


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