Today, I had the "brilliant" idea of fading gold when it reached the +1.5% appreciation for the day (which is an above average appreciation on a daily chart). But it was without counting on the fact that (for once) the Fed rate decision was going to move the market a lot. Yet, lately, the FOMC's meetings had failed to produce any type of reaction from the markets. But today, for some reasons, gold as well as crude oil roared without looking back in the rear view mirror... and I was left holding the bag with my short gold trade so to speak. Fortunately, my other trades on natgas and crude helped cushion the blow. One thing I learned today is that you cannot trade gold from the technicals at this time and this until things calm down on the mega-debt-of-the-developed-economies front. We learn every day, don't we? Result for today -$591 trading 2 contracts (commissions deducted). Details below.