Yesterday's 3x long gold position, UGLD, Trade Idea- UGLD (3x long Gold/GLD) will stay on the table for now. I have a theory as to why gold has been looking better, but it's staying on the table for now because of the signals or lack of negative ones so far.
As for the theory, that's something I'll address in a gold update soon.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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