Gold Futures (/GC) are tracking higher near $1288 an ounce in reaction to a softer U.S. dollar despite some notable progress being made to resolve the impending Government shutdown. Energy prices (/CL) are holding steady near $53 with investors keeping a close eye on fresh developments out of oil-rich Venezuela as two different President elects remain in a tug-of-war over power. The U.S. has already discussed potential oil sanctions which could create more short-term demand. Natural Gas (/NG) futures are trading 1.25% lower near the $3 threshold despite an Arctic cold spell that is set to cripple much of the mid-west through next week.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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