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I was looking at gold and studying why it is lower today. I noticed that just before 10:00 this morning that somebody had dumped 8707 contracts. The metals contracts are heavily manipulated and it would appear somebody wanted to try to keep gold pinned below 1750.  So now I am not so sure if 1800 will be a real possibility this daily cycle. I am tightening up stops to 1730 on all gold positions.
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This PageThe Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". This is also a blog page where you can ask questions, post your thoughts, or ask for help. Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email. Archives
May 2021
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