Monday, February 13, 2012

SURVIVING BOREDOM



                               What Could Possibly Go Wrong?



A day like today will test your mettle as a trader. In what can only be described as mind numbing boredom, gold put in a $17 range [really $13 if you take out the mystery tick low].

There isn’t really much to say about gold or AUD [they correlated very well today]: boring comes to mind. It felt like the whole day was a stop hunt with no real dynamic.

I took one trade today in gold; it went nowhere with a few pennies of profit. Let’s hope tomorrow has more volatility than this. We’ll see.

Have a good day everyone.

-vegas

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