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Category Archives: RGLD

Gold Soars To New High! SPX, Nasdaq, GOLD, NEM, ABX, GG, RGLD, BIDU, AAPL, DIS, ERTS, CTRP

May 11, 2010 – 6:02 pm

Gold jumped out of the gate today and did not look back, closing above $1230/ounce.  In the morning, in our Trading Room, I commented: May 11, 2010 7:14 AM  gold plays breaking out! May 11, 2010 8:11 AM GOLD could see $90+!! We did get in on GOLD May 85 calls and cashed out for [...]

By HappyTrading | Also posted in AAPL, ABX, BIDU, CTRP, DIS, ERTS, GG, NEM, gold | Comments (1)

Market Wobbles After Economic Data: SPX, Nasdaq, DO, RIG, GOLD, ABX, RGLD, OSTK, RIMM, LIHR

March 31, 2010 – 6:42 pm

The market started the day on the weak side with a weaker-than-expected ADP payroll report.  However, oil and gold rose, as the dollar slipped.  The commodity sectors kept the market from falling too much.  Oil Services were very strong.  DO bounced +3.98% while RIG added +3.86%.  Gold miners also advanced:  GOLD +3.42%, ABX +1.54%, RGLD +1.56%. During the day, [...]

By HappyTrading | Also posted in ABX, DO, LIHR, OSTK, RIG, RIMM, gold | Comments (0)

Time To Look At Gold Again? SPX, Nasdaq, DO, SLB, RIG, GLD, GOLD, ABX, RGLD, GS, WLP, AET, CI, UNH

December 8, 2009 – 9:01 pm

The dollar continued to climb higher today and gold followed lower.  Gold has come down about $100/ounce in 3 trading sessions, closing just around $1128/ounce from a high of about $1228/ounce last Thursday.  GLD, the gold ETF, has faltered from a recent height of $119.54 to today’s close of $110.95.  Gold miners have also fallen [...]

By HappyTrading | Also posted in ABX, AET, CI, DO, GLD, GS, RIG, SLB, UNH, WLP, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, GDX, XLF, XLE

November 15, 2009 – 9:43 pm

Last weekend, in my Market Forecast, I said, "For the new week, the market will start the week in a neutral position.  If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher.  The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150.  Although VIX closed below [...]

By HappyTrading | Also posted in ABX, AEM, APA, AXP, BAC, BLK, CVX, GDX, GLD, GS, JPM, MA, OXY, PNC, SLB, V, WFC, XLE, XLF, XOM, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, SOXX, GLD

November 8, 2009 – 8:49 pm

Last weekend, in my Market Forecast, I said, "For the new week, it looks like the market is trying to send the Fed a message before the FOMC meeting on Wednesday.  What the market is trying to show is the potential "double-dip" if the Fed pulls out liquidity measures too soon.  On Friday, the market will get the latest unemployment rate [...]

By HappyTrading | Also posted in ABX, AMAG, AMGN, AXP, BIIB, BTK, CELG, GDX, GLD, MA, NEM, OSIP, PNC, V, WFC, XLF, gold | Comments (0)