Gold Futures (/GC) are slipping near the $1280 an ounce range as upbeat equities tarnish the value of the precious metal which has remained bid amid the government shutdown. Energy prices (/CL) are up slightly with crude back above $53 a barrel after suffering a 1% defeat to start out the shorted week yesterday over demand concerns.
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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