This page contains some of our history of gold trades and observations. It does not contain all our trades nor our complete foundational analysis, which may be bought at GoldBasicAnalysis.php

starting February 15 2006

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Naturally, you take your life and capital in your hands when you do this. Past performance is no guarantee of future success and the only guarantee is of risk heartbreak and despair.

January 31 2006

Closed Feb Gold yesterday and added to existing Apr positions. Based on general trend and gap over breakout line.

January 27 2006 Friday week's negative day...

turned out to be non-indicative, and this week we had a week of "drift" all of it within the apparently negative day. A week of inside days, signifying, we think not much selling and buyers still interested. Two big bear days in the last 8 sessions and no follow through. Our stop is under 540. AND Fed meeting coming up, and into delivery month. We will be rolling into April very soon, whether with a pause or not undecided as yet. Fed meeting sometimes produces a sell off as seen here. There is no technical way to predict reaction this meeting. Bears (deserves) close watching in run up. (Not your ordinary bears.) (Or, Bears close, watching in run, then shoots and leaves.)

January 20 2006 Key Reversal Day, One Day Reversal

Friday's action was not constructive for short term and futures bulls. GLD investors will shrug it off. Both a key reversal day and a one day reversal coming after a short term trendline break a pull back could easily occur here. It has nothing whatsoever to do yet with the long term trend. The futures basing point is 524. We would say the two day momentum is down, but we thought the gap down Wednesday would have more follow through too.

January 13 2006

We spent the week buying gold. You should have too.

All the trades from this week are not here, but you get the idea. Old high taken out. Special techniques are necessary in the futures and we are using them.

DECEMBER 2005

Like Einstein we sometimes have trouble counting. It's actually a 9 year rounding bottom, not 7, but what-the-hey, close enough for government work. Especially in this administration.

As may be seen from comments below we have been following gold for some time. And will continue.

Now for a little technical analysis quiz: Using your everyday ruler and the measuring techniques from Technical Analysis of Stock Trends how far should the bulls run from this chart?

Check back here next week for the correct answer.

There's the forest here's the tree. Of course it will come back. But how much farther will it go before it comes back. Like jumping in a cold swimming pool.

The stop is back under the November low, technically. Of course you can set a money management stop. If you had been reading this letter all along you would have been long back at 430 or 390 or .....

See Paris Hilton in all her glory at the bottom of

the page.

Futures traders should have exited gold last week. Time now to watch and wait. This is a welcome retracement for investors looking to put on a position. Investors in other instruments in gold will be unaffected by this short term retracement in gold. Check this page for stops.

We wouldn't be buying or selling right here. We'd be doing our favorite thing: waiting. Wasn't it Jim Rogers who said I just sit around and wait until there is money lying on the table and then I go over and pick it up? Look at the rising open interest in gold. The running of the bulls is about to start.

As promised, here is the picture of Paris Hilton