Gold calls.Long term -medium term and intraday calls in gold is here !.

[sujithsstorock]

crude inventory 4.3m ..., more than expected.. suji we waitig..

sell on rise..! wait some time for majority of people to decide wat to do , then we will be the minority.... here minority rules

 

[b_p4tel]

I always got confused about this figure....it's more than expected which is good or bad in terms of POG?:?:

it is bad for gold!!! price of crude wil decrease and same for gold

 

[sujithsstorock]

sell gold..stoploss 881.8 $

 

[yvij]

i did realise the risk to reward ratio sir. i expected a break out rally till 888-892 $. but it turned at 887.4 ... so i had to ask to exit with profit.

will take care of tht from next time onwards. thanks for the suggestion

We should all be greatfull for Suji's calls as this costs us nothing, regardless how many ticks you make or loss.

Keep up the good work Suji, I'm sure evryone here appriciates your efforts.

 

[sujithsstorock]

its risky

 

[goldbug]

i did realise the risk to reward ratio sir. i expected a break out rally till 888-892 $. but it turned at 887.4 ... so i had to ask to exit with profit.

will take care of tht from next time onwards. thanks for the suggestion

ok good. thanks for efforts anyways:clap:

 

[sujithsstorock]

take stoploss to 883 $ ..!

 

[bhesania]

stop hit..

 

[b_p4tel]

yep i already got stopped out!

 

[goldbug]

sell gold..stoploss 881.8 $

stopped out 2$ loss (including spread and commision)

 

[goldbug]

I sell again .. with stop at 883. let see

 

[goldbug]

:smart:

I sell again .. with stop at 883. let see

stopped out in this as well...2$ loss again . looks like bad day for me.

 

[gasjack]

I was 0.05$ away from being stopped out - pheww. Let's see where this is heading.

 

[Eyeskating]

I was 0.05$ away from being stopped out - pheww. Let's see where this is heading.

POO seems picking up from $96.:whistling

 

[rodin]

ok I been on da road. How's it hanging? Silver looks to be building the base of an impulse move up. Is that an inverse head and shoulders pattern forming?

edit

very big one $14 neckline?

 

[Eyeskating]

Even though I am happy about this pop up. But I just don't know why? What happened at 11:53 ?
Is this bcuz of this:

"Senate financial rescue gives Treasury OK to buy $700 billion in troubled assets, according to copy of bill on Senate Web site."

 

[bhesania]

now what suji..?? corsses 891.5 and to 900+

 

[rodin]

Looking for $16.50-$17 in a few days

10% hedged (just in case I am wrong)

40% Sell orders Dec contract at low end of expected range v call expect to return to $14 or lower after before the next leg up

Should be able to lock in 2x profit from call there.

if it all plays out

 

[sujithsstorock]

now what suji..?? corsses 891.5 and to 900+

no trade suggested. am flat

 

[jobibear]

Now sorry, if I sound naive. God knows I am, but if Congress vote the bill through then the DOW goes up and Gold as a hedge against stocks goes down. Am I right and if so are we waiting for the vote? I am new and don't understand the charting all I seem to understand are the human traits of Fear & Greed. Please advise if I am wrong. And Sujith you appear to have the Mojo - long may it continue. Peace.