This is my strategic plan for trading gold
Gold charged forward today after showing some early weakness yesterday which
was followed by a late recovery. Like I mentioned in my last post on Gold on
Sep. 26, we were looking to phase in all the way down to 458 an ounce. As of
today, my cost basis in the trade sits at 463, and I have gone ahead and taken
off 1/3 of my position with the $10 an ounce move at $473. The rest is part of
my core and short term position as Gold (YG Z5) looks poised to test last week’s
high of 479 an ounce, but more importantly… (Read
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