Sunday, July 28, 2013

What is happening in the Gold Market?

This youtube link from the Kaiser Report with  Alasdair Macleod of Macleod Finance and Goldmoney about gold backwardation, GOFO and the 1300 tonnes of gold missing from the Bank of England!

Thursday, July 25, 2013

Gold and $ilver to rally after monthly options expiration

“We are having a nice rally off the lows this morning in both gold and silver.  Silver is back above $20 and the gold price is nicely over $1,300.  As we are speaking gold is roughly $150 off its lows and I don’t think gold will see those lows again....

Monday, July 22, 2013

Trading Just Got Simpler

Trading the Markets

For many years I have searched for a viable way to predict patterns that would allow me to trade futures and future options successfully.  That is to win.  Not necessarily always winning but winning consistently, able to trade with confidence in a system that allows me to put my capital at risk.  Well, after many years of searching I have found just such a vehicle.  Of course any trading platform is subject to  “traders’ preference” as to the trading risk amounts.

Equity Management Academy, EMA, has developed a predictive model that constantly provides a platform that wins.  With the various levels that I will describe, traders are able to execute trades, place protective stops and close out winning trades.  Whether you are selling short or going long.

Basically there are 3 points to the code.  The “VC” is the trigger level to determine a long or a short trade.  The “B” levels are either the open long or close short and the “S” levels are either close long or open short.  Both the “B” and “S” levels have two components (B1, B2, S1, S2).  The positions are updated daily before the NY Comex open.

I use these levels for multiple trades and risk points.  If you are counting, you can see there are actually 5 levels of predictability that we can trade.  An example would be multiple contracts on say the mini-Silver (YI).  If our starting point has the contract trending above the “VC” code, I will but to open (BTO) 2 contracts at or near the nearest time period where the contract is trending above the “VC” code.  I will place one sell to close (STC) at the “S1” trigger and another at the “S2” trigger.  I, again “Traders’ Preference”, will place a buy to close (BTC) at the “B1” level for both contracts.  You obviously have to understand the “VC” trend in order to properly place your trades.  

At “EMA” you can actually follow “live” trades for a nominal fee.  There is an introductory price of $1 / day for the first month.