Thursday, April 27, 2006

Ups, downs and sideways

Busy day today but I think I am almost caught up. It was a very wild ride especially on the metals. Both gold and silver made good moves but reversed and then came back to center. I am OK with this initial pull back as I feel fairly confident in the metals for a long play (once again including the Aud and commodity related pairs).

The Usd/Cad and the Eur/Usd trades are still running well. I would not be surprised if this new Gbp/Usd trade were to pull back a little but then run up to 1.8220 if not 1.8420 *see chart*

















Current positions are listed below.