Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Thursday, December 01, 2005
Here is an hourly chart showing pit and electronic trading in February '06 gold which is now the front trading month.
I have transferred the price boxes from the December to the February contract and you seen them drawn in red on the chart.
I think gold will get to the top of its current box near 511, maybe a dollar or two higher, and then have a substantial reaction down into the 480-85 zone. The market is fast approaching my bull market targets and I think that the party in nearly over in gold.
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