It's 5 AM, and just saw platinum off 110, then pulled back to
97, and sank again to 104 down. What the heck is
going on today? I've seen drops of 40-50+, but never anything
like this. Gold is still off around 30 this AM.
Hello Charles - Have a look at the GOLD [XUAUSD] top - 5
months ago.
Then look at today - and it just shows the non-US [i.e.
global] volatility...
Volume on the futures sure is highest during the US "pit"
sessions - but the largest volatility can be when those when the US
"pit" markets are closed... at least - that is how we see
it... Global E-trading has indeed spiced up our
lives..... FWIW - pki
Thanks for the great charts. I know there are several
other indicators Matt looks at too to help see if it's actually a
reversal, or just a bounce. He and Steve were saying
something the other day about buying/cash flow? had to be very low,
way under 100K whenever there's an actual bottom. I
guess everyone is bearish and selling like with capitulation days
in the market. Said the #s only come out once a week or so,
and wasn't quite low enough yet, but after today....
Thanks again for the info and excellent charts on gold, pki.
Had no idea it sank that low. Thanks for the
update. It's after 6AM EST, and it has continued to
rise...saw it only (only...ha) 85 or so down a little while
ago. Might be capitulation, or at least a
bounce in some of these commodities today.
it is either a huge rotation of assets, or forced liquidation,
we will only know later, charts tell the theme of the story,
characterization and plot comes later, for now shorts look
like candy,
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Make
Posted by ravun on 15th of Aug 2008 at 04:35 am
it $772 and plats orf $90
Platinum
Posted by charlie on 15th of Aug 2008 at 05:02 am
It's 5 AM, and just saw platinum off 110, then pulled back to 97, and sank again to 104 down. What the heck is going on today? I've seen drops of 40-50+, but never anything like this. Gold is still off around 30 this AM.
Volatility Tops and ?? Bottoms
Posted by pki on 15th of Aug 2008 at 05:36 am
Hello Charles - Have a look at the GOLD [XUAUSD] top - 5 months ago.
Then look at today - and it just shows the non-US [i.e. global] volatility...
Volume on the futures sure is highest during the US "pit" sessions - but the largest volatility can be when those when the US "pit" markets are closed... at least - that is how we see it... Global E-trading has indeed spiced up our lives..... FWIW - pki
Volatility Tops/Bottoms?
Posted by charlie on 15th of Aug 2008 at 06:12 am
Thanks for the great charts. I know there are several other indicators Matt looks at too to help see if it's actually a reversal, or just a bounce. He and Steve were saying something the other day about buying/cash flow? had to be very low, way under 100K whenever there's an actual bottom. I guess everyone is bearish and selling like with capitulation days in the market. Said the #s only come out once a week or so, and wasn't quite low enough yet, but after today....
Thanks again for the info and excellent charts on gold, pki.
It
Posted by ravun on 15th of Aug 2008 at 05:09 am
was 132 $'s off. Currently down $107
Plat
Posted by charlie on 15th of Aug 2008 at 06:07 am
Had no idea it sank that low. Thanks for the update. It's after 6AM EST, and it has continued to rise...saw it only (only...ha) 85 or so down a little while ago. Might be capitulation, or at least a bounce in some of these commodities today.
it is either a huge
Posted by googool on 15th of Aug 2008 at 05:13 am
it is either a huge rotation of assets, or forced liquidation, we will only know later, charts tell the theme of the story, characterization and plot comes later, for now shorts look like candy,