SPY rose by 0.6% this week, whjile my account fell by the same amount. The loss-floor fell to -6.5%.
US news: On Thursday night, Speaker Boehner of the US House of Representatives announced that attempts to avert the Fiscal Cliff had failed. The futures market briefly plunged, then recovered. I expect the market will be going back down soon, but who knows? Maybe the Obama Administration will continue with stealth money-printing until the re-inauguration, then allow all Hell to finally break loose.
SRTY ¹: Leftover trade from last week.
SRTY ²: Stopped out. The market very quickly reversed direction.
SRTY ³: Hope for next week.
|Buy date||Buy price||Sell date||Sell price||Acct Profit|
|SRTY ²||DE 17 11:00||$36.99||DE 17 12:00||DE 17 11:40||$36.40||$36.29||-0.3%|
|TNA||DE 18 11:00||$62.49||$62.51||DE 21 11:00||$63.12||$63.08||+0.1%|
|SRTY ³||DE 21 11:00||$34.43||(Not yet)|
Almost all the profit has evaporated from my IAU holding. Technically, there is little excuse for gold to go any lower unless it’s going to crash. If it does, hopefully my stop-loss will get me out of it with a miniscule profit, in which case the whole thing will have been merely a waste of time.