From the desk of Tom Bruni @BruniCharting
We’ve been fading gold since September for a variety of reasons, but primarily due to the overwhelming amount of selling being done by Commercial Hedgers.
While many of those conditions still exist our risk management for this thesis has always been Gold closing above 1,600.
This week we’re getting that, so let’s take a look at what’s next and how we’re taking advantage of it. [Read more…]