GOLD

**arco** · 28-05-2009, 11:08 AM

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Some nice short term trades in the last 24 hrs.

**arco** · 29-05-2009, 12:31 PM

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Good day trading environment over the last few days.
Another blast overnight.

**Aussie** · 29-05-2009, 11:58 PM

Southwards movement . . . 80 looks to be breached. Will the Fed's defend it?

Attachment 1624

**airedale** · 01-06-2009, 08:59 PM

POG at $987 right now. A mere whisker away from $1,000. Be interesting to see how it goes on the US market over night. I suspect that the 1,000 resistance mark will soon be support.

**Aussie** · 01-06-2009, 10:35 PM

Originally Posted by airedale

POG at $987 right now. A mere whisker away from $1,000. Be interesting to see how it goes on the US market over night. I suspect that the 1,000 resistance mark will soon be support.

Looks good airedale but as bullish as I am, it has come a long way quickly and normal convention would say that it is due a breather - but what is normal today?

The HUI has been rocketing and I am getting nervous. I'm getting prepared to sell off 50% of some profitable positions into the current strength and await a correction and repurchase before the fall termoil begins in earnest.

Barring an "event" of some kind, I think this is a tough time of year for gold to be consolidating above US$1K.

**Aussie** · 02-06-2009, 08:06 AM

Yep! POG drops $10 to 975 and Goldcorp get whacked overnight by 7.1%, Yamana by 3.1% while the DOW rises 250 . . . seems like a little over-reaction and some profit taking.

**TTrader** · 05-06-2009, 12:14 PM

Ended up going home last night and trading gold/silver. I am glad I did... Finished the night up with some good results..

-> Looking at the way things were going last night it only has to be a matter of time before gold hits the 1k mark again..

At this point even a bad day on wall street should push the POG up over 1k!

**TTrader** · 05-06-2009, 01:25 PM

CNN Money
Gold surges to near record territory
Last Updated: June 4, 2009: 4:02 PM ET

http://money.cnn.com/2009/06/04/mark...=money_markets

**airedale** · 05-06-2009, 02:05 PM

Originally Posted by airedale

POG at $987 right now. A mere whisker away from $1,000. Be interesting to see how it goes on the US market over night. I suspect that the 1,000 resistance mark will soon be support.

It might not happen this week but I am picking it will happen this month

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