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We are seeing powerful trading action from both gold and silver. There are still no signs of a short-term top. So expect more new highs in gold and silver. Continue to ride the uptrend.
Gold
1) Long from $1306.60 bought on the Comex spot close on September 28, 2010. Stop-out point: sell at an intraday stop-out point if Comex spot gold trades at $1322.00. If stopped out, then re-buy this position if the Comex spot price the same day closes above $1326.00. (updated 13 October 2010)
2) Buy one position if spot Comex gold trades at $1348.00 or on the first close in New York above $1360, whichever comes first. I’ll set a stop-out price after this position is filled. (updated 13 October 2010)
Silver
1) Long from $18.369 bought on the Comex spot close on August 24, 2010. Stop-out point: sell at an intraday stop-out point if Comex spot silver trades at $22.28. If stopped out, then re-buy if the Comex spot price the same day closes above $22.52. (updated 13 October 2010)
2) Long from $21.688 bought on the Comex spot close on September 28, 2010. Stop-out point: sell at an intraday stop-out point if Comex spot silver trades at $22.88. If stopped out, then re-buy if the Comex spot price the same day closes above $23.08. (updated 13 October 2010) View all Trading Comments >>
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