Ride the Tiger with CD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: stuffbug	1/11/2014 1:59:50 PM
	of 313060

HFT - High Frequency Trading nanex.net zerohedge.com Great article illustrating HFT action. Note that 4200 contracts traded in 1/10 of a second. Since each contract is 100 ounces, that represents 400,200 ounces of gold worth approximately 500 million USD. Since gold quickly recovered from the $30 drop, my guess is that some gold programs are looking for entry areas to go long on pullbacks. Also gold positive for the near term 1. Wednesday's correction bottomed above the flash crash low, 2. Friday's high slightly bettered Monday's high, 3. Friday's close was the highest daily close in a month, and 4. Friday's close was the highest weekly close since the end of November Gold bulls need some follow through gains next week.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next