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Market liquidity normally dries up around year-end holidays, so this year will probably not be any different. The lack of liquidity means volatility increases, so that may happen this year too for the next couple of weeks. Regardless, get ready to buy on strength when it finally arrives.
Gold
1) The position bought at $1,631.00 on December 21, 2011 was sold later the same day at $1620.00, which was its stop-out point. Loss: $11.00
2) Buy one position at the market. Gold is presently $1,612.00 as I write, so I will use this price for recordkeeping. Stop-out point: sell at an intraday stop-out point if Comex spot silver trades at $1582.00. (updated 22 December 2011)
3) Buy one position if the Comex spot price trades at $1620.00. Stop-out point: sell at an intraday stop-out point if Comex spot gold subsequently trades at $1598.00. (updated 22 December 2011)
4) Buy one position if the Comex spot price trades at $1642.00. Stop-out point: sell at an intraday stop-out point if Comex spot gold subsequently trades at $1618.00. (updated 22 December 2011)
5) Buy one position on the first Comex close in New York above $1644.00. Stop-out point: sell at an intraday stop-out point if Comex spot gold trades at more than $25.00 below your purchase price. (updated 22 December 2011)
6) Buy one position on the first Comex close in New York above $1715.00. Stop-out point: sell at an intraday stop-out point if Comex spot gold trades at more than $25.00 below your purchase price. (updated 22 December 2011)
Silver
1) The position bought at $29.75 on December 21, 2011 was sold later the same day at $29.42, which was its stop-out point. Loss: 33¢
2) ) The position bought at $29.08 on December 15, 2011 was sold on December 21, 2011 at $29.28, which was its stop-out point. Profit: 20¢
3) Buy one position at the market. Silver is presently $29.32 as I write, so I will use this price for recordkeeping. Stop-out point: sell at an intraday stop-out point if Comex spot silver trades at $29.08. (updated 22 December 2011)
4) Buy one position if the Comex spot price trades at $29.60. Stop-out point: sell at an intraday stop-out point if Comex spot silver subsequently trades at $29.18. (updated 22 December 2011)
5) Buy one position on the first Comex close in New York above $30.00. Stop-out point: sell at an intraday stop-out point if Comex spot silver subsequently trades at more than 55¢ below your purchase price. (updated 22 December 2011)
6) Buy one position on the first Comex close in New York above $30.80. Stop-out point: sell at an intraday stop-out point if Comex spot silver trades at more than 55¢ below your purchase price. (updated 22 December 2011) View all Trading Comments >>
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