Anyone smart on here that can explain how to trade the sp mini? That knows what symbol you put on tradestation to get the trade eg. ES.  How much a point is worth in money terms.

This makes me feel good when I hear those guys promoting GOLD. However i was watching BNN today and they were stating top reasons to short gold. This is a Canadian station so... Who is tellin the truth. The GDX had the highest volume in a year over 17 million. Usually high volume you would think would be toppy.

I just do not know how gold keeps goin up  with all it's negative divergence.
 Along with all the heavy resistance. It looked like it was going to make a major retracement now I do not know what to think. Is this a complete fake out to sucker in a few more buyers or since it broke the major trendline will it go up fast?

ty for explaining the COT. You know your stuff.

Anyway I have already shorted some gold stocks anyone disagree with this. I have several reasons. EGO -eldorado.

I also shorted Aapl and Geoy on the nasdaq.

This is important because Matthew say's when the commercial shorts for gold get in the 200k range that it is toppy. When I looked up Jan 27th commercial shorts for gold it says 260k. Matthew Frailey say's it was 158k on Jan 29th. Well wtf is it?

Thank you for that COT website but it says the Commercial shorts are 260k and when I listen to the thing on the newsletter by Matthew Frailey he keeps sayin it's 158k short position. You know what I am donig wrong in relation to him?

You have stated that for gold the commercials are at 158k where do you get this number.

I have been on many places and it is like 250k. Where do I find this???

Mark