Email of the day (3)
Comment of the Day

October 05 2011

Commentary by Eoin Treacy

Email of the day (3)

on an addition to the Chart Library and gold:
"Well done on your gold trade! I am wondering if you would please elaborate as to where you placed your initial stop on September 26th given all the volatility at the time?

"Also would you be able to place the Value Line Geometric Index into the chart library under US Indices please? Thanks for the great service."

Eoin Treacy's view Thank you for your kind words and suggestion which has been added to the Chart Library. I did not have a stop on this position because of the volatility. However, I always attempt to decide where I would get out if events do not unfold as I expect. In this case, gold had pulled back violently and was bouncing from the region of the 200-day MA near $1550 when I opened the trade. I would hope to have closed the trade if it had taken out the low at $1532.

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