Playing With A Metals Dealer
No way to sugar coat today’s action in gold; it just plain stunk the joint up.
Our friend, the FWD [Flying Wedge of Death], came knocking today and in the process made life miserable for many traders. I made money today, but that's not my point. I don’t want to be redundant in my posts, so no sense repeating all the problems the gold market is experiencing from a trade standpoint.
Round up the usual suspects for stop hunting, slippage, and $5 - $10 moves in 10 – 15 minutes. Rinse & repeat; go the other way with a vengeance.
“Oh wait, never mind – excuse me while I take it $5 lower in the next 2 minutes. Sorry about your stop;
my daughter needs ballet lessons it is unfortunate.”
Not much else to say except Meanwhile In Washington:
The Empty Suit Speaks
Have a good day everyone.