Posts Tagged ‘GLD’

• Back to Work and Sitting On My Hands
  Posted by Leigh Drogen on November 30th, 2009 at 4:40 pm, Comments: 0

  Back at my desk today after two weeks of travel, it’s nice to be stationary for a bit. The major story late last week was of course the disaster that is Dubai. Capitalism has the ultimate learning curve. Back in the early 90′s the oil rich gulf nations had no clue what to do with [...]

• Why Are They Lying About the Dollar?
  Posted by Leigh Drogen on November 17th, 2009 at 12:16 am, Comments: 0

  Buy the dips, and sell the rips.  When this, the most hated equity rally in history is over we will look back, sigh, and just repeat, buy the dips and sell the rips.  I commented in an interview during the last dip that you had to continue putting your balls on the line during sell [...]

• Pick Your Battles
  Posted by Leigh Drogen on November 13th, 2009 at 12:37 am, Comments: 0

  You haven’t heard much from me lately, there’s a good reason.  No, I haven’t been off surfing in Costa Rica, or indo, or some other exotic locale, I’ve been right here at my desk.  Part of being a good trader is knowing when, and when not to trade.  I honestly don’t have a good hook [...]

• Golden Opportunities
  Posted by Leigh Drogen on November 3rd, 2009 at 7:14 pm, Comments: 0

  I’m seeing some extreme indecision in the market, which makes sense at this point.  The dip buyers failed, they did, and they know it.  The shorts never came in, they decided took keep what was left of their dignity and sit this one out.  Unlike the last few dips there are no short sellers this [...]

• The Credit Time Machine
  Posted by Leigh Drogen on November 2nd, 2009 at 4:32 pm, Comments: 0

  I can feel the tide turning, I don’t like it because it forces me to shift gears and puts my strategy in no man’s land until a new trend emerges.  But to ignore the facts would be criminal to my P&L, which has taken a hit as this trend has ended.  I still see opportunity [...]

• Blood In the Streets
  Posted by Leigh Drogen on October 28th, 2009 at 7:27 pm, Comments: 0

  Check out the flow of charts on Chart.ly tonight.  Chart,ly is an excellent tool, if you know how to use it.  Taking a tip on a chart from someone without doing your homework first is just as bad as taking the word of that guy in your office who’s broker says to buy XYZ because [...]

• Brazilians Have More Fun: Postmarket Update
  Posted by Leigh Drogen on October 5th, 2009 at 5:56 pm, Comments: 0

  I wasn’t surprised to see the dollar getting beaten over the head again last night when I turned on the computer.  The play book is pretty damn simple at this point, crush the US Dollar overnight, pump equities pre market, keep foot on materials pedal 9:30-4:00. Gold exploded today in one of the more obvious [...]

• Chop Fest: Postmarket Update
  Posted by Leigh Drogen on September 30th, 2009 at 5:40 pm, Comments: 0

  I’m seeing so many people out there try and pick direction right now and they are all getting chopped up.  The market is consolidating its gains over time as opposed to price, that is the most important thing you need to know.  We continue to find support above 104 on the SPY which represents a [...]