Euro Undercut
Euro Undercut The euro made an undercut on Monday and as that low was lower than the low printed on last Thursday, the HCL I’ve been expecting was moved from Thursday to Monday. I suspect that the euro is now ready to move higher which should give gold some tailwind. Undercuts like these create liquidity […]
The train is leaving the station
The train is leaving the station If you are unable to buy when all the negative bells are ringing in your head, you’ll have a hard time trying to make money in this business. Now we have the first positive signs at hand and so the question remains, will you be able to buy? I’ve […]
Smart Money Enters As Dumb Money Exits
Smart Money Enters As Dumb Money Exits If you follow the action in gold and silver closely, you’re about to learn something pretty soon. Banks are mostly option writers and so when retail traders see golden skies ahead and buy long call options for gold, the banks take the opposite side of the trade. If you […]