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Tuesday, May 28, 2013

Gold Signal Trade

OPTIONS EXPIRATION HAS ENDED.   END OF MONTH HERE AND THINGS ARE STILL CHOPPY WITH WIDE RANGES.  PERHAPS WITH OPTIONS EXPIRATION DONE THINGS WILL CALM DOWN AND WE'LL GET ABOVE 1400.
ODDS FAVOR THAT GOLD IS GETTING READY TO RALLY.  MID WEEK WEDNESDAY COMING UP AND OFTEN WE SEE A HIGH OR LOW POINT FOR THE WEEK. IT WOULD BE NICE IF THE LOW TOMORROW IS JUST A BIT LOWER  THAN TODAY AND TRADES GET ELECTED. 
THE BOTTOM LINE IS GOLD AND SILVER FAVORED TO NOW MOVE HIGHER. I’M TRYING TO BUY AT THE SUPPORT LINES BECAUSE RANGES ARE SO WIDE.  AN HOURLY OR DAILY CLOSE ABOVE 1398 IN GOLD FAVORS HIGHER AND AN HOURLY OR DAILY CLOSE ABOVE 22.75 IN SILVER ALSO.  IF WE DON’T GET THE BUY’S BELOW – I HAVE TO CONSIDER GOING LONG GOLD AND SILVER ON THE ABOVE CLOSES. I’LL UPDATE IF PUT THE ORDERS IN.
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GOLD CURRENT TRADE 
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Buy 2 AUGUST Mini Gold at 1367  stop 1330
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SILVER CURRENT TRADE
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Buy 1 July Mini Silver at 21.95  stop 19.40
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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 
 Do your own due diligence. 
No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend. 
 King Regards