Aug

29

One can certainly use levels or changes in the price of gold to trade equities indices (i.e. SPY as opposed to gold mining stocks for example).

However that same person would have more success if he used the "volatility" of the price of gold to trade those same markets, at least since 1990.

That condition is not unique to gold.


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  1. Anatoly Veltman on August 29, 2011 6:14 pm

    As far as ROUND NUMBERS on way up: this year Gold certainly made sure to dis-favor them. First it was the SIXes: $1266, $1366. And more recently the SEVENs: $1577, then $1817, and eventually $1917 for new records.

    It’s doubtful that ROUNDS will be holding on way down, either; HFT sniffers duly trigger sell-stops below the rounds, and cover their Shorts for a micro-second assured profit

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