PINL:VLTAF - Post by User
Post by
Bpultraon Jun 04, 2012 5:41pm
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Post# 19979001
As I said after the close of Friday
As I said after the close of Friday Figured this was going to happen..gambled a bit but am caught on a VTR block right now but not worried at this level... but I did do ok on some KGN blocks as there was a huge spread with the SP of KGN today.. need more vol with VTR to play blocks .. once again trying to out think the market and the market keeps learning ya. LOL
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Market Nuggets: RBC’s Gero: Comex Gold Eases As Traders Book Profits After Friday Rally
Monday June 04, 2012 2:11 PM
Comex gold gave back a small portion of Friday’s steep gains as some traders booked profits, says George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures. The August contract settled down $8.20 to $1,613.90 an ounce following the pit close, one trading day after it surged $57.90 as weak U.S. economic data rekindled talk of potential loosening of U.S. monetary policy. “Some understandable profit taking lowered gold prices today after Friday's tumultuous rally,” Gero says. He describes gold as in a new trading range with support around $1,600 and resistance at $1,650.