tues

352
GOLD now testing its daily lows...see lower gold coming hours, futures GC
its bearish to close on or near support

343
out 40.45 nugt, 24.91 gdx, as the MM sellers showed up

343
i'm out of NUGT mid term swing. and might hold some DUST overnight
still see higher gdx, but pullback possible so fading that. gold still looks like it needs to move lower then higher

306
just now, intraday sellers showed up on gdx .84, watching to see if they stay or leave

133
moved down a bit due to sellers here, gdx...again modest quick trade targets

131
a few sellers just showed up at 24.70 GDX,,,watching to see what they do here

131
BUT GDX is consolod on 15min chart and could break higher...glad that this is second short today not first, and took gains on first short b4 they disappeared...still see higher gdx for swings tho

113
also look at the shoot stars...several of them...on gold futures, 15min chart


109
for short term, the way that gdx and gold CLOSE today at 4pm may be very important for short term swings. if it closes "good" without a selloff, esp in gold, then i might add to existing gdx nugt gld slv uslv positions

right now, gold is behaving bullishly, altho it looks like it might crack lower before 4pm...so "how much" it goes lower (if at all) is impt. will it close bullishly, or "slip" with a selloff?

100
0vernight volume patterns in gold futures GC show some "churn" 2AM green candles and the  8AM/9AM red candles....because of the red candles, they usually will retest lower....withouth the red candles i wouldnt have scalped

also the 5 min and 15min gold charts are in small downtrends, tho they are trying to bounce and base atm

1248
im short there also but not likely to hold overnight, as long as gold is over 1300. last 1309 gold...if gold stays over 1300 on 60m daily charts, then the 60min is consolodiating imo for higher gold

1157
SHORTED again, another quickie

1145
OUT shortt for quick scalp gain...cash now for scalps, GDX DUST

GDX could drop a lot more, but the trade was only supposed to be quick , so out for now
so out for now before profits disappear during intraday moves

1136
gold is now testing 15min and 60min support, looks breakable lower, only a modest decline, to cover shorts and maybe reverse long for an overnight hold

1123
gold looks a little lower intraday. shorted GDX, quick trade only

957
out of JNUG for quick 7% gain from entry yest postied. could go higher but its just a quick swing. stilll have NUGT GDX multiweek trades,holding those for higher.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".