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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.
#GOLD down
FOMC minutes were more hawkish than gurus generally anticipated. After a brief dip in the stock market on hawkish minutes, stock bulls dismissed the hawkishness by claiming that Yellen speech at Jackson Hole will be dovish and therefore ran the stocks right back up.
Gold has broken under the major support at $1283 – $1287. As a full disclosure ZYX Short has a number of gold related positions that benefit from fall in gold prices.
Oil is attempting a mild rally from very oversold levels.
Tags, GOLD, GLD