Aboy Market Research

Evidence-based market research: energy, commodities, equities

:: Introduction

:: For those with limited background in energy markets, futures, bonds, and equity markets it may be beneficial to check the the "Fundamentals" section first. Feel free to email me questions you would like me to cover in future blog entries.
:: If you are an experienced trader you may want to select the "Commodity Monthly Analysis" category directly.
:: I also plan to show the results and discussion of one trading strategy per month (members area).

:: Categories

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2009

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Follow-up on previous setups (Gold)

May/09/2009 14:04 Filed in: Commodity Monthly Analysis

In my February 1st, 2009 commentary (Setup Condition for Gold) I stated that “Gold has good fundamental conditions for going SHORT [...] while the trend is bullish, Gold is setup for a big sell.” This was a very contrarian view at the time due to the economic situation but as the chart shows below between February 1st and May 8th, 2009 gold went down around $8000 per contract. Those that went short made over $8000 per $2025.00 contract.

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