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Gold Futures—Gold futures in the December contract is trading lower for the 4th consecutive session down another $2 at 1,455 an ounce rallying off of session lows at 1,446 as this market is right near a 3 month low due to the fact that fund liquidation of gold continues and is undercutting gold prices as long gold positions in ETFs…
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TRADING THEORY–-Never answer a margin call because you are probably over trading and most likely the position is going against you and probably have lost much more than 2% on that trade. Never allow this to happen to you because you always want to have sufficient margin in your trading account just in case the exchange raises margin and that…
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S&P 500 Futures—The S&P 500 in the December contract is reversing yesterday slight losses currently up 6 points at 3093 looking to break the all-time high which was hit on October 7th at 3097 possibly in today’s trading session. The gravy train continues as this commodity is the strongest trend out of all commodity sectors as we head into the…