Gold 662 Silver 13.29 Last day of March

Gold has caught fib fever...
These are standard fib retraces.
We have Hoye 78.6% above at 675 to get through on the upside.

No trades yesterday, was busy with meetings.

JOYG option trades for March

Here's my option trades on JOYG.

I had calls early on from the 40 area but sold at b/e. After seeing the rally spike I started a put position very near the top on Tues. Closed for 1k profit and today put again for 424.25 gain. Had the potential do add or (do it twice). I like trading these but the spread can be quite rich.


Oil appears to be over bot short term.
Traders could lighten up.

AUS Dollar breaking out from long term sideway pattern

AUS $ breakout!

5yr, weekly chart of the AUD.

Comment: This could be the start of a strong move. I will post some pivot numbers after some study here.

March Madness Trading - Gold 662 Silver 13.36

SILVER spot

4hr bars,
Bollenger Bands (BB 50 unit), MACD, Stochastics,


Comment: Silver needs to cool off a bit. Click to enlarge.






GOLD spot 8hr, BB 50,
MACD. CCI8 below.
Green lines = 40% and 78% retrace (Hoye)

We pull back to 655 area coming weeks. Resistance at 655 now support. Click to enlarge.

If you are interested in real time help with your trading please email jimak1 at gci.net

We have a private conference daily, you are welcome to lurk.
on Yahoo instant message centuryadvisors2000 just ask for an invite.

Gold 644 Bollenger Band study

For the benefit of our friends over at the WoodShed on SiliconInvestor.com here's a look at Gold and bollenger bands

Red = 20 unit Blue = 50 unit.

Charts below zoom out to a daily study.



8 hour bars













4 hour bars

Gold 644 up off of 635...

Here's a pivot study that illustrates an exceeded target.






This is a weekly chart with longer term trend lines.

Every time Gold falls fast we are always looking for the areas of support. Here we have 630 as solid support.

Shorter term a reversal is in the making. In my opinion if gold does not touch 630 it could be a big up.







In our live discussion group URZ has been one of our (my) favorite traders.

At this point this looks like a severe reversal down, some might see an Island reversal? Todays GAP is not good. Sold the last 100 shares today.


Some stocks to study...

NXG MMG MNG GSS are some of my favorite traders and holders

I had NXG as a buy today at 3.06
This text from the Real Time room
Jim AK (3/5/2007 9:49:03 AM EST): BUY NXG I will post some charts on these tomorrow.

Sunday Asia Open

Gold Daily with basic trend lines. Lower TL is 630.00

Chart captured at Asia opening Sunday Night

See RSI and Momentum below















Zoom in of same

Gold 552 - Mid-day Eastern Time

Here's a daily bar, Gold tagged the 50 day Moving Average. Chart starts at the October lows.

GOLD 644 1am Eastern

For the benefit of our friends in the woodshed here's the bollenger band studies.

The bands are set to 20 unit and 50 unit and zoom in from Day to 2 hour bars.

The moving average is set to 50 units throughout.



Welcome shedders and SI members your comments are most welcomed. Thanks Wade for your comments .