everytimeicash
Long

Probably wanna stay long for now

AMEX:GLD   SPDR GOLD SHARES
21 2 0
@!simpletrader
kenny1924
2 months ago
Well, it is all upto the USD, Trump vs. Hillary and what EU throws out in the next few weeks. Gold is just prey to all of these economic issues going on right now, and I feel that Q4'2016 has more variables than normal. Janet Yellen's issues just stepped away for a moment, but will come back at the next FOMC meeting in 2016. Inflation is almost a non-issue around the world since we are in deflation. Not enough growth, no growth in job incomes, USD staying at the mercy of Yellen, and therefore Oil and Gold awaiting an 'event'. Negatives from Brexit yet to be felt in real economic numbers. I am holding on to gold stocks and gold for now since I feel that 2017 (without Trump) will be same as past 4 years of no growth, more US debt and a non-inflationary 1% GDP growth (net-net) environment. The Wild Card in all of the above any 9-11 type of event which can never be forecasted.
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kenny1924
2 months ago
By the way, commercial traders are still short more than 300,000 gold futures contracts, and they are the smart traders, so I would not look at this as a contrary indicator (Jake Bernstein says so).
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