silversky

Markets open already.  Price is rising!!!

It's 2360 its got to break.  Then up to the ATH from a few days ago to test all those short stops.  Must be absolutely bucket loads of them judging by the IG data which says that small specs are short.  Massive pain for the little traders if it smashes through ATH stopping them all out.   Mr Market exists to disappoint most people.  It's very rare that the little guys all get it right.

Thanks guys.  The chards page looks handy with spot gold sov quoted.  Can't believe its 444.  Mindboggling

Little drop into the close but still way above the trading zone from before.  £1890.
 
 

Little drop into the close but still way above the trading zone from before.  £1890.
 
 

USA now 20cents off ATH....
All those stops are in jeopardy now...

Monitoring with beers.... just to make a change from the daytime monitoring.  

I'm out of laugh reactions for the day

I'm out of laugh reactions for the day

Absolutely, so would I.  Remember what they did in December at the weekend in thin trading?  It was smashed up nearly 100 bucks in a couple of hours and wiped out whole loads of small traders who were short before tumbling back down again and wiping out the longs who had entered automatically while they were asleep after their buy orders were triggered.  That was a coordinated attack on the stops and limit orders.  And once it was off it became a self fulfilling cascade.  Right now, we know there are a lot of shorts, and good sense indicates that gold should fall with rate expectations indicating much later for any rate cut.  But it's not happenong and that is when lots of people get caught on the wrong side.  There will be many holding early shorts who think it's gone up for so long now that they should just hold their loss a tiny little bit longer and hope for an eventual downturn to escape.  That's when even bigger spikes happen.  If it does a big rise it'll fall hard again after that.  It always does.

Absolutely, so would I.  Remember what they did in December at the weekend in thin trading?  It was smashed up nearly 100 bucks in a couple of hours and wiped out whole loads of small traders who were short before tumbling back down again and wiping out the longs who had entered automatically while they were asleep after their buy orders were triggered.  That was a coordinated attack on the stops and limit orders.  And once it was off it became a self fulfilling cascade.  Right now, we know there are a lot of shorts, and good sense indicates that gold should fall with rate expectations indicating much later for any rate cut.  But it's not happenong and that is when lots of people get caught on the wrong side.  There will be many holding early shorts who think it's gone up for so long now that they should just hold their loss a tiny little bit longer and hope for an eventual downturn to escape.  That's when even bigger spikes happen.  If it does a big rise it'll fall hard again after that.  It always does.

Absolutely, so would I.  Remember what they did in December at the weekend in thin trading?  It was smashed up nearly 100 bucks in a couple of hours and wiped out whole loads of small traders who were short before tumbling back down again and wiping out the longs who had entered automatically while they were asleep after their buy orders were triggered.  That was a coordinated attack on the stops and limit orders.  And once it was off it became a self fulfilling cascade.  Right now, we know there are a lot of shorts, and good sense indicates that gold should fall with rate expectations indicating much later for any rate cut.  But it's not happenong and that is when lots of people get caught on the wrong side.  There will be many holding early shorts who think it's gone up for so long now that they should just hold their loss a tiny little bit longer and hope for an eventual downturn to escape.  That's when even bigger spikes happen.  If it does a big rise it'll fall hard again after that.  It always does.

Absolutely, so would I.  Remember what they did in December at the weekend in thin trading?  It was smashed up nearly 100 bucks in a couple of hours and wiped out whole loads of small traders who were short before tumbling back down again and wiping out the longs who had entered automatically while they were asleep after their buy orders were triggered.  That was a coordinated attack on the stops and limit orders.  And once it was off it became a self fulfilling cascade.  Right now, we know there are a lot of shorts, and good sense indicates that gold should fall with rate expectations indicating much later for any rate cut.  But it's not happenong and that is when lots of people get caught on the wrong side.  There will be many holding early shorts who think it's gone up for so long now that they should just hold their loss a tiny little bit longer and hope for an eventual downturn to escape.  That's when even bigger spikes happen.  If it does a big rise it'll fall hard again after that.  It always does.

There's plenty rocket fuel lurking here.  The small speculators are net short....  And they will have buy stops to cover their short losses right here around the ATH.  Another few bucks and It's wipeout time for them or swim naked without a stop!!!  

Looks like the US price is moving up into the stops zone...

£1887 and climbing....

There's plenty rocket fuel lurking here.  The small speculators are net short....  And they will have buy stops to cover their short losses right here around the ATH.  Another few bucks and It's wipeout time for them or swim naked without a stop!!!  

There's plenty rocket fuel lurking here.  The small speculators are net short....  And they will have buy stops to cover their short losses right here around the ATH.  Another few bucks and It's wipeout time for them or swim naked without a stop!!!  

£1887 and climbing....

£1887 and climbing....

Looks like the US price is moving up into the stops zone...

Looks like the US price is moving up into the stops zone...

Yeah what's your only fans page?  

Chris will have to print some more if page inflation keeps going like this.  Stamp a zero on the end to give them a new lease of life

USA now 20cents off ATH....
All those stops are in jeopardy now...