Closed out the gold trade today at $1,103 for a $33 move, caught out slightly by the rebound today after the strong move up in the US Dollar yesterday – which didn’t follow through, yet perhaps.
So a good trade but not that satisfying though interestingly Silver not following through on the move and other commodities falling off, Coffee hard, others Crude oil also falling. Difficult period which I hope to capture a break lower in all these ‘risk trades’ maybe before maybe after Christmas, but soon. It will be a good strong sell off which will be good to trade when the time arrives.
