Fri, Sep 30, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Currencies, Market Moves, Oil more

Gold’s unfulfilling behavior vs. oil, currencies

Posted on 03 March 2011

From Seekingalpha.com: Considering the turmoil in the Middle East and the spike in oil prices after Libya’s uprising, I am extremely surprised that the price of gold didn’t break $1,420 earlier; it took until yesterday, March 1, to move beyond that barrier, propelling the metal into short-term overbought territory as of today.

I cannot complain about the event from a trade perspective, and have held the famous SPRD Gold Trust (GLD) since February 17, with futures having conquered the 1,367 level that I mentioned in my post “What Do Global Events Mean for Gold?” and triggering the reverse play…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 47920 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930