Speculators and technicians have been bearish on gold for the last two months, at least the good ones have! We have been dead right, says PMBG senior trader Thomas Rosen. As gold tried to push up a third time out of its congestion area and failed, creating a triple top, with the third top slightly lower than the other two, the gold market presented a nice opportunity to make some short-term profits on the sell side for once, and we over-hedged accordingly!
Its very simple to understand,
No comments:
Post a Comment