Tag Archives | Manduca Trading

Gold Blasts Off !

The Gold market has truly taken off in the past month. It has traded from $652.00 on August 17th up to $726.50 on September 14th. The Gold has rebounded and has been aided by higher energy prices and a weaker U.S. Dollar. Even with the ongoing Mortgage and Credit Industry debacle that caused many investors […]

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Volatility

The recent volatility in the markets has been phenomenal. This apparent surge in volatility truly indicates to me how fragile the economy is at this point. Many traders believed the FOMC in its latest meeting should have cut rates to help the very sluggish housing sector and the mortgage industry’s present credit crunch. The recent […]

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Gold Holds Support Level …So Far

During the past month August Gold futures have fallen from $680.00 and traded as low as $642.70. Many technicians, including myself, showed support levels between $640.00 and $642.00. With higher yielding Treasury Instruments and a buoyant U.S. Dollar during the past month it has been very difficult for the Gold market to sustain any significant […]

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Good as Gold

The recent trade in the Gold market has been very technical and cautious. It has been trading between resistance and support levels for most of the last two weeks. The volume has been down and as a former floor trader I understand markets go through cycles. Trading volume shifts from one market to the next […]

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Patience is Golden

The Gold market has been extremely CHOPPY and thin lately. It appears the Gold community is very tentative and un-willing to trust the Geo-political and economic climate at the present time. It certainly is understandable considering the strength and record levels of the Stock Market. I believe the Gold is trading in a direct relationship […]

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Gold… “the Safe Haven”

The Gold market has become a very technical trade recently. It feels like the market has lost many investors due to its pull back from the $700 level. This is to be expected, as it fights to earn some allocation of investor capital against a stock market that has made new weekly highs in eight […]

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