User 244491

This Gold Correction Has Further To Run

Gold will always be Gold,GC as commodity has ATR (average true range) of about 30$ a day lately.Sell on reaching the higher band,buy on lower.Don't be a bull,don't be a bear,it is dangerous game right now with too much interest on both sides.Let the big egos fight,you can swim in between while they will settle the trend.At the moment trend is down so why to jump sinking ship,I am doing the same only with Crude Oil,day trding on some days 70 futures contracts for the difference of 10 cents but my longer term strategy I sold 130$ October calls,100$ October puts,this brings some time decay while I swim in and out of dangerous waters that are not dangerous at all when one is not greedy.