GOLD - SHORT; SELL it!
Updated
At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not;
1) Charts (price action) don't lie;
2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?)
3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary;
4) The Gold/Silver Ratio;
5) Feel free to make up your own reasons.
The Gold / Silver Ratio
1) Charts (price action) don't lie;
2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?)
3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary;
4) The Gold/Silver Ratio;
5) Feel free to make up your own reasons.
The Gold / Silver Ratio
Comment
Here is the old post;
Have been short gold for the past $180. Worked out well!
Comment
Here is the Gold / Silver Ratio WeeklyTrade closed manually
FLAT - for now; $0.0 (Scratch)Going nowhere fast, here. We'll be back at it.
Trade active
SHORTShort for now. But...
Trade closed: target reached
FLAT; +$31.00Comment
This is indicating indecision here! (The G.S. shows Up, everything else calls for a dump!)
We'll wait for the weekly open and at the first sign of weakness, will Short this something fierce!
Incidentally, The SMI sentiment in the PMIs indicates a top in the equities, E.g. a bottom in the UD. Which will make this a Short for quite some time to come!
Trade active
SHORTTrade closed manually
FLAT; -$3.00Trade closed: target reached
FLAT - for now; +$24Comment
The only reason we closed out the Gold Shorts, here, is because of a large Short position in silver, being the primary PM trade. See thi post;
Otherwise, stay SHORT! - in no small part because of this;
Trade active
SHORTTrade closed manually
FLAT; -4.00Trade active
LONGComment
Order cancelled
See Current Post;
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