Sell Gold GCZ11 at open 1759.60 with stop already at 1752.40. Sorry for the tardiness of this post. It is highly unusual for a drop of this magnitude in the first 45 minutes. I also went short silver and copper, but they are already stopped out. Also, sell short the Nasdaq at 2308.50 with stop at 2403.50.
Unfortunately, our first Euro trade short was stopped out near the high, and then the Euro went down again. This was simply bad luck, and it happens. It is built into the statistical models. Sometimes, you come very close. Coffee was also stopped out intra-day, and one should exit the ETF in the morning.
Gold was actually stopped out with a profit in an hour after the 3pm Pacific Time open. So were silver and copper. So, I'll just have to post the BLOG a bit earlier in the day. There is but a small window in which to do it.
We are are short the NASDAQ as of this afternoon, and the futures are up $145.
See you tomorrow.
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