GOLD STARTING TO MOVE … CAN IT LAST?

 

“My 2019 message to the gold market!”

Better action over the Christmas Holiday, than in the 4 previous weeks … gold 

starting to move, the question being can it last? Today’s market very thin, with 

widened spreads, no volumes, non-existent liquidity, and a market price 

structure about as stable as nitroglycerin.

No PAMM trades today, but some options trades in the C2 signals advisory, 

where our volatility positions have paid off handsomely over the last week, and 

sees us today ringing the register by hedging up in selling higher strike prices 

… implied volatility [IV] if gold has expanded about 20%, and that has helped 

our long option positions, as well as the price going up.

Tomorrow sees us and markets worldwide get back to normal trading … gold 

needs to see some “backing and filling” in price, or it’s gonna get overextended 

like it’s done in the past and then get “monkey hammered” lower … stocks are 

not out of the woods by any means, but are greatly oversold which should see 

gold attempt to run some sell stops from longs in the market … in any event, 

I’m looking to play those stops from the long side when they occur, when 

trading conditions resume some kind of normality tomorrow.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!!

-vegas

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