Eurousd, Gold daily charts.

20110909 30 min Gold futures, a spooktacular collapse ...... Now this is the market with a big target to hit in terms of daily range... Well, actually the US dollar seems to be gaining strength too.

In all things, a balanced approach is best.

20110908 Gold futures 30 min.... a magnet for gamblers, maybe the big boys in fcpo went over there to gamble.... if it's so, explains the apathetic anaemic volume.

30 min Gold futures...

20110907 GS 5 min and Gold 30 min....

20110907 There are still many Gold bulls out there... In this timeframe (30 min) at the very least... it's a downtrend.

"If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."
— Warren Buffett
Woner who the Patsy went to drive the Aug Sep FKLI spread to 12.50 discount and left the short leg open? Well, it will be the ones covering the shorts Friday morning.....

Oh ya, and Mr Mistry's prediction of "Crude Palm Oil will trade below 2800 by Sept 2011...", makes him the Patsy?

Well, actually nobody/expert can predict price movement. The market (Mr Market) acts like a psychotic sadistic being, as it is made up of humanity, whose emotions lead to the way cheap sale to greedy mania...making patsys' of the experts/guru/analysts.' Those who know don't talk, those who talk don't know.

20110829 5 min Gold.... volatility takes a breather

20110829 If one were short gold futures on the 5 min timeframe, say at 21.00, might try to hold on for 45 to 60 mins to let the trade breathe.

20110826 The Gold story, as told by the 60 min chart....

20110825 Gold 10 min chart, guess there is no safe haven....

20110825 10 min Gold spot chart...

20110825 A couple of days ago, Bloomberg TV was blaring out a report.... Gold took 10 days to move from 1700 to 1800 and 5 days to move from 1800 to 1900. Now we can continue the story.... It took 1 1/2 days to move from 1900 to 1750...

20110822 Yes, Gold is on the way to 2,500, but hold your horses.... those who dogpiled into the metal above 1890 find themselves under a big kosh ow, as the price trades in the 1870s...

20110811 Well, JP Morgan calling for super spike that could 'go parabolic' to US2500 an ounce for Gold. What did the market do? Went through 1800 to 1815 and promptly drops to 1755.....

Years back Goldman Sachs called for such a 'super spike' in crude oi prices to US210 per barrel, the highest it got was US160.... it has been many years and we are yet to see that target.

Experts, they DON'T know better, they just provide the trader with their 'predictions', which is a great tool for traders. "Those who talk don't know, those who know, wo't talk"

20110507 30 min gold and fkli futures..... nice clear downtrends. Alas I was away for Thur and Friday. But did we miss anything? NO, the market is always there. If you trade like being addicted to the market you have lost the battle, yes one may make $ but one's health will suffer.

Take the smooth road in trading and she'll be right mate.

20110505 Gold in the midst of the decline... 'when the bulls got too optimistic'

20110420 "Gold is 1500 per ounce." Bloomberg TV is saying, and "analysts see it going higher". What will probably happen now is a pullback to 1470s before it goes up....

20110304 30 min Gold and Eur/usd. Trichett's comments on an interest rate hike as early as next month for the Eurozone propels the Euro up... It is uncanny how Bloomberg TV was espousing 3 days ago that "80% of market participants polled see higher price of Gold for this week..." A case of "everyone is long, who is left to buy?"

Gold, breaches 1400... 15 min chart.