This week's interventional trading is working out quite nicely with the gold future longs I entered into last Thursday showing a very nice profit. The outlook for next week is "Rain Likely" as 3 year, 10 year and 30 year bonds have to be sold.
I expect I'll close out the gold future longs tomorrow at 1:30 to get out of the way of the Friday unemployment numbers customary gold-takedown and go short (by buying puts again) on Monday near the close. Will probably go long gold again after the 30-year treasury auctions next Thursday.
Here's my view of next week's scheduled market events (BOLD CAPs for events which the Gold Cartel traditionally uses as an excuse hit the price of gold).
- Mon, Not much happening.
- Tues, 3-year t-bond auction. Takedown may start for this and in preparation for Wed.
- Wed, 10-year t-bond auction.
- Thu, 8:30, International Trade report
- Thu, 30-year t-bond auction.
- Fri, 8:30, Retail sales.
Leave me a comment if I'm missing something or if there are better data sources that you know of for this kind of thing.
MontyHigh, www.worldofwallstreet.us
Sources: I like Bloomberg's economic calendar (click here) and little better than yahoo's (click here) because it covers the treasury auctions. The best one I've found for international is here, but I usually don't have the time to follow it.The next options expiration date is: 3/25/2010. Here's a link to a good 2010 calendar (click here).
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