Friday, 3 January 2014

A mid term reversal in gold is in the cards: $1320 target

Dear Friends,

It is an irony that as QE3 has started to taper, gold seems to hit a bottom at $1200. Today it goes above this mark with a bomb. I believe that temporarily the mid term trend has changed.

Now I am setting my mid term target of gold price at $1320.

My stop loss will be $1195 should it comes back down.

P.S. If you can't play with index futures, a good product to try will be the gold ETF stock, symbol GLD.

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...