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Wednesday, March 4, 2009

March 4th, PM

Chart for the Global Gold Index.

The afternoon trading seems to be a bit more relaxed than the morning trading. Nice single passes through the various points of entry, perhaps a test here and there. These trades have about 3.5% return based on the index. Using the Beta Pro ETFs that are twice the return that would make them a 7% return on the actual trades...allowing for fudges and spreads that would be about 5%.

My estimates mean nothing as I need to get some decent trades in at these times when the charts are not so choppy, but they are interesting. That seems to be my lot in trading is to only be in when the market is churning, go figure.

Jeff.

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