Sunday, May 29, 2016
Update on the "Sure Thing" Long Gold Trade
Down a bit less than 8% in May and approaching what technicials call a "major support level" at $1200 according to technical analysis which imo is not mumbo jumbo espectially in commodites, a close below that would be deemed very negative. You can also see the spike in volume in late May. large scale selling just as the market turns is often as a sign some of those late to the party" taking losses.