The bears den

littleredboy

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Gold just hit 1500, but rejected. Dunno if will try again tonight US hours.
Sian I sold call just few months back 1650. Come sep 1 dunno what will happen.
 

coolhead

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Gold just hit 1500, but rejected. Dunno if will try again tonight US hours.
Sian I sold call just few months back 1650. Come sep 1 dunno what will happen.
How did u get 1500? The highest I've seen is 1489.02.

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Dividends Warrior

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Gold just hit 1500, but rejected. Dunno if will try again tonight US hours.
Sian I sold call just few months back 1650. Come sep 1 dunno what will happen.

Have been pondering whether to sell my gold coins. Bought them around 900-1000 many years back.
 

coolhead

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Oh sorry didnt mention. I'm looking at gold futures. GC.

1500 is a very strong psychological resistance.
I think it'll be a psychological resistance. Rightfully there is no technical resistance. all it takes is another escalation between US and China and 1500 is easy peasy.

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littleredboy

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It keeps trying to breakout 1500 during asian hours. Dunno what will happen after 4pm. Really hope big boys are trapping gold bulls.

I think it'll be a psychological resistance. Rightfully there is no technical resistance. all it takes is another escalation between US and China and 1500 is easy peasy.

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coolhead

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It keeps trying to breakout 1500 during asian hours. Dunno what will happen after 4pm. Really hope big boys are trapping gold bulls.
The gold bulls are getting abit overextended again. I have tasked Erich Von manstein with consolidating the offensive and prepare the bulls for a counterattack. The Soviet bear will surely take chances of an overextended supply line to break the morale of the bulls. But we must surely remember, this is a summer offensive turning into autumn offensive where we must gather as much ground before the winter comes.

After this round of consolidation then we break 1500. I hope manstein listens to me for he has his own personality, prone to disobey orders and seriously overextend past 1500. The last thing I want is a bull trap and repeat the battle of the bulge over again.

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coolhead

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2 and 10year yield bond yield spread used to be 14basis points when 10year yield was at 1.8x%.
Now the bond yield spread has dropped to 12 basis points... Hmm...

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