A concluding note on the gold trade from the chat room

Actionable Trade-Alert

from Rick in the Trading Room

(Please check all related discussion in the room before you do any trades.)


09:00

 

09:39

  Rick

Pleased to hear the 4044.80 target served you so well. Dec Gold has now rallied $107.60 from the 3937.20 entry price I flagged here yesterday, producing a profit of as much as $10,700 per contract for anyone who took my 12:10 post seriously. The pattern in fact did not lie, but rather, controlled and precisely contained the rally. As always, shorting at the target was implied for those who made money going with the trend to begin with. A so-far $23 pullback has occurred from a millimeter above the 4044.80 target, producing a paper gain so far of $2300 per contract.

09:46

  geebells

I did the short trade with Silver, shorting at 5 am 48.34 and just covering at 48.02, my smoke detector battery died at 4:30 am, $4750 on 3 contracts is a good nights work. Thanks RA.

 

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