I did post the upcoming week along with the ECO News that YDM had. I did not give a link.
Just for you Redwings:
Chances are I will take some profits, but I will look into the prospects of holding or hedging something through the following week. Just depends on our movement, obviously.
Wednesday morning, if up at 10, sell April covered calls against your long position for just under a buck. Slide into Friday and see what the calls are doing. If the stock is down the calls will eat up half the travel, unload them for a fifteen or twenty cent profit, and sit on your hands long--you should ride most of the downside.
This "all in" stuff gives me nosebleeds.
Are you suggesting that PM stocks are "likely" to continue the slide downwards the next two days. If so should only buy on Thursday with the hope that it will be up after the long weekend?
Incidentally, I am not familiar with options talk.
I am wrong again they are doing the 10 and 3 and a whole mess of others next week...if we don't rise fast then there is a chance the 950-980 elliot wave is right. I am not going to get into the details because most of you prob don't use elliot waves, but with the market being gassed and this amount of auctions coming combined with the quarter closing and fund managers not needing to make performance numbers we could be in for a big bitchtit slap
Cgreens I am on the treasury site and I don't see any more except for the one on the 31st can you give me the link to when they are...isn't it great that the gold market is rigged makes trading a hell of a lot easier
I think it depends on when dollar goes back down to the 50D MA.
When that happens, it will either bust through (moving PMs up) or bounce off and move back up like it has these last months, subduing PM price.
Got an itchy trigger finger - I am watching closely.