The SEC makes it clear....we are going to pay more, here's our strategy

Today I read a news article from our trading partner Doc Severson at Trading Concepts about a proposed Securities and Exchange Commission rule that could boost trading costs.

Here’s the deal:

Due to market instability, the SEC wants to require all trading venues – exchanges, automated trading systems and dark pools – to submit alternative plans for operations in case of a system breakdown. In its proposal, the SEC said estimated initial costs could be as high $242 million, with another $191 million in annual costs.

So, if approved, who will these added fees eventually fall on?

Yep, you guessed it . You and I ... the traders.

Remember how Doc Severson’s first training video  showed you what government involvement is doing to the market? 

Well, as you can see, more regulations just keep lining up. Just about every big player in the trading world has been affected. Again, if you’re using strategies that worked in the past and now aren’t seeing the profits you want, your lack of success isn’t all your fault. You simply need to adjust your approach to accommodate today’s market.

Try Doc’s Fractal Energy Trading for Weekly Options program for the next 30 days.

Believe me, you’ll be happy you did.

See you in the markets,

The Gold ETF Trader

Make sure to get our free eBook "Understanding Options"....Just Click Here!

Gold Market Commentary For Tuesday Evening

Gold futures closed up $4.70 at $1,140.50 today. Prices closed near mid-range today and saw a corrective bounce from selling pressure last Friday and on Monday. Higher crude oil prices added to buying interest in gold today. Uncertainty regarding the Goldman Sachs fraud charges from the SEC seem to have abated a bit, which also supported buying interest in gold today. No serious chart damage has occurred in gold, but the bulls need to show more power soon to keep the uptrend on the daily chart in place.

Silver futures closed up 11.9 cents at $17.85 an ounce today. Prices closed near mid-range today. The key "outside markets" were in a mostly bullish posture for silver today, as the U.S. dollar index was near steady, while crude oil and the U.S. stock indexes were higher. Silver bulls have the overall near term technical advantage. Prices are in a 2 1/2 month old uptrend on the daily bar chart.

The U.S. dollar index closed up 3 points at 81.13 today. Prices closed nearer the session high today in quieter trading. The bulls have the overall near term technical advantage. Bulls' next upside price objective is to close prices above solid technical resistance at the April high of 82.06.

What do all market wizards have in common?

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