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Gold Update

randholm
February 24, 2014 3:29 pm / Published in GLD, GOLD, Market Update

Gold Update

 

UPDATE ON GOLD TRADE

Gold moved up in China on People’s Bank of China’s move. Interestingly, in the U. S. trading, gold has continued to inch up. The trading data is very muddy.

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On the risk side, $1350 may act as a magnet. There are also likely to be many stops above $1350. Professional traders make a habit of hunting stops. Stop hunting can easily make the gold run to $1360 to $1370. At the time of this writing gold is trading at $1337.10.

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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.

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