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$1,391.7 gold futures

I agree... Gold below US$1,200 looks attractive... The US dollar...

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ML173

9,530 Posts.

309

06/03/15

12:52

Post #: 14871843
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Originally posted by Daytr ↑

GS put out a note to expect a weaker NFP number overnight I think it was.
Not sure if they are looking to lure the market into a bear trap or not.
The way the market works though a weak number will probably see equities rally as it will be interpreted as positive with zero rates for longer !

I'm long gold again, below $1200, it doesn't seem to want to stay below $1200 but also not willing to push on higher either.
The market imo will be running out of fire power, so any push lower I think would see a quick rebound just as we have every other time over the last almost 2 years now.

I also think the market may be a bit gun shy for that very reason, hence why we are stalling here.

As I've mentioned before I think the chances hitting $1300 again far outweigh the chances of hitting $1100.
I like those odds ! ;-)

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I agree... Gold below US$1,200 looks attractive...

The US dollar is a proxy of Gold and vice versa. One cannot do wrong holding both at 50/50 over the next few years..
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