In The Doldrums, Flat, Boring, Wishy Washy, Uninspiring.
The end of the week.
Gold Flat.
US Basic Materials Down
US Financials Down.
Mindset for the day as of 8:00 am
Long: Nope
Short: Possibly
Bounce: Doubt It
Fade: Possibly
Sit Out: Nope
Scalp: If in doubt scalp.
LME Warehouse Stocks continuing their relentless climb to the ceiling. Just trying to picture the physical mountains of Nickel, Copper, Zinc, Lead and Aluminum is mind boggling. And just to totally throw out my understanding of the relationship between supply and demand - the USD price is also continuing its relentless climb. Although methinks it is really the USD generating massive psyonic waves of fear loathing and revulsion as a prelude to an attack of the Zombies. Just don't tell anyone - they might all sell out and buy gold.
By the way I have to thank HLL and others for inadvertantly encouraging me to put one of these together in the morning. To start the day with a strategy in mind is so much better than starting the day with no idea what sort of trades to look for.
USD Spot Price
5 Year Warehouse Levels
