Too much has happened in the month of September. The global market went haywire for the most part affecting everything that can be traded. No exceptions. Gold and Silver tumbled their biggest since the 6-month rout of 2008 , global stocks ran for the exits, investors were running out of tricks and ideas , a lot could not decide which way to run for safe haven... the rallying USDollar, the Long Term Treasuries or gold.
The European market's uncertainty continue to rattle investors. Greece drew up a plan for an $8B Austerity. Today's charts show more restraint on the Scalpers and day traders. Volatility seems to have settled....some.
Gold seems to be solidifying its hold on the 1600's gains. Nerves are perhaps getting more settled with the battle weary traders. Great breather.....maybe..
Posting some interesting new things discovered by this trader during the past crazy few weeks. See for yourself. I survived the onslaught. : ) Moving right along as things get rosier. Surviving Super Typhoons on the small island of Catanduanes many moons ago has taught this trader to hold on when most have let go. You also have to shore up continuously as the 'super winds' batter you.
Riding Gold as it nosedived (Short) and as it recovered (Long).
Interesting Positive Correlation Between USGold, US30(Dow Index), S&P500 Index
USGold and well.... Silver are starting to look rosier... again. Shooting for the all-time highs in coming weeks or a couple of months.
Joe Joson
USA
No comments:
Post a Comment