I took Gold profits, and here’s where I reenter
I have been pounding the table on gold for the past three weeks in here and
have been fortunate enough to have things work out very well. I was looking for
us to hit $491 an ounce, and ultimately move up to $520 an ounce. The reasons
why I am exiting my position have both a quantitative and qualitative reasoning
behind them.
From a technical perspective, the rally in the dollar I think raises some issues
for how much further gold can go. The two have decoupled from their historic
inverse…
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