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$1,391.7 gold futures

I am interested to know what will happen after it falls to $950...

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chaz38

727 Posts.

21/01/16

17:41

Post #: 16843956
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Originally posted by Skol ↑

Comex February gold options, however, saw a jump in the number of bearish puts targeting $975, with the heaviest open interest now in bearish puts at $1000 per ounce.
"As the Fed raises rates and the opportunity cost of holding gold increases," says a new 2016 outlook from French investment and bullion bank Natixis, "so we expect gold prices to drop below $1000 per ounce soon after the announcement of the first hike.
"Prices could rapidly reach $950," says the bank's precious metals analyst Bernard Dahdah, forecasting a 2016 average price of $970 per ounce – some 17% below 2015's average daily gold price to date.
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http://www.metal.com/newscontent/82...rice-in-15-years-likely-to-see-short-covering

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I am interested to know what will happen after it falls to $950 or lower? I supposed you will call it a correction and buy big into Apple and oranges?
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0 Great analysis

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