Wednesday, November 10, 2010

Gold ETF - GLD

Is it just me or did anyone else notice the bearish engulfing candle or outside reversal on GLD yesterday? Heavy volume on it as well, just as occurred on Oct 7. SLV experienced the same candle yesterday as it did on Oct 7th as well.

Ahhh, probably means nothing.... until one day it suddenly does. Oh yeah, with SLV make sure you ignore the volume yesterday, gotta be a misprint, right?

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit U.S. Dollar Bull ticker UUP @ $22.56 stops @ $21.44


phantom lake studios said...

Supposedly the story behind SLV is the CME increased margin requirements.

Harleydog said...


did see that, thx for the note appreciate it!

thx for reading.