17 October 2011

Gold Daily and Silver Weekly Charts

'Cap and trade' is already here in the metals markets, at least during the London-NY trading day.

They cap the rallies and then trade the market down, in a sweeping manner to churn and burn.

I came into today long bullion and short broad stocks, with a little bit of a heavier foot on the short side, so it 'worked.' I did lighten up a bit but still went into the close with the same paired trade, but less short and more balanced to the metals.