Gold Futures (/GC) are still climbing yet another 0.5% near $1290 an ounce with a 5th day of gains looking viable with additional concerns over risk-based assets. The precious metal has been unable to touch above $1300 an ounce since June of last year with the strengething dollar. Oil Futures (/CL) are showing preliminary signals of possibly turning the corner with an attempt at a 3rd positive session after a strong reversal to the upside occurred on the first trading session of the new year.
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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