Commodity Trade Mantra

Posts Tagged ‘Gold Position’

Gold is Worried More About a Broken Financial System, Than Just a Brexit

Speculative money is there for a good time — not a long time — so the gold price is at risk from a pullback as some of the Brexit fear unwinds. But if it continues to hold up in the event of a ‘remain’ vote, that will be very positive for gold’s longer term prospects. It will tell you that gold is worried more about a broken financial system. That’s what gold is really worried about.

Gold Prices Dip Sharply - Is This Why Gold Is Selling Off?

A look at the latest Gartman letter: We remain long of gold in EUR and Yen denominated terms, just as we have for years in the case of the latter and for nearly a year in the case of the former. Trading is art; it is not precise. It is rarely definitive. This was and is one of those times. However, we are intent upon adding to the position this morning on this correction.

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