Wednesday, November 20, 2019

Shorting Gold



Getting some gold short as numbers have been looking better and investors are pulling risk off. Rates have been brought lower but this shouldn't continue. These factors point to lower gold in the short to mid term. If things continue to develop for the better in the economy this trade should move nicely lower.

The price action looks great off of the daily MA and the fundamentals support the short as well.

kitco.com/news/2019-11-19/Strong-holiday-shopping-improved-investor-sentiment-to-weigh-on-gold-prices-IHS-Markit.html

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