OffTheFloorTrader
Long

Thank you Goldie!

COMEX:GC2!   GOLD FUTURES
OK... GC             has given us a nice winner and true to our plan we will cover everything except one contract! (see past posts) This trade is a big winner for us and we would like to keep riding the move but with the ECB announcement tomorrow it's a flip of the coin. We could hedge with options but we choose to cover and leave one 'risk' contract to see if the announcement pops GC             much higher. Let us be clear...the only reason we do this is because we have a nice winner and the loss of a 1 contract stop on the last leg will not threaten our profits. We will place the stop under Tuesdays lows. BRING ON MARIO!
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