What's your thoughts AJ for gold leading into the end of the year?
I'm cautiously bullish.
Negatives for mine are.
Probable Swiss no vote.
Indian may make changes to further restrict gold imports.
Positives
I think USD trade is taking a breather except perhaps against the JPY.
Seasonal demand.
Recent trade behavior of gold & also what we saw the same time last year.
I have a very small long position & have bought some gold stocks today, RSG & EVN both look incredibly oversold. So a reasonable long exposure overall.
I have shorted Euro smalls as a hedge.
