12 December 2011

Gold's 150 Day Moving Average

This is a delivery month for gold and silver.

The Fed will be giving its last rate decision for the year tomorrow.

This is one of the more active weeks for stock IPOs of the year.

I came into today heavy on the stock short side and lighter on gold. I have lately taken about half those shorts off and picked up more bullion near 1660.

Let's see which way the stock and precious metal triangles choose to break.

There are several unconfirmed reports of US troops deploying on the Jordanian border with Syria.

Note: RSI has not been updated for today