Short Gold against Copper

15 thg 9, 2016

Short Gold
Long Copper
Risk and execution on (Daily) time-frame

29 thg 9, 2016

Ghi chú

I just commented on gold's behavior for today's price action. The spread between copper and gold is actually quite logical. Dr. Copper is known for it being a leading indicator of economic or market strength. Gold on the other hand is a safety asset for the most part. So basis behind being overweight in copper and underweight in gold has to do with an improving stream of data (i.e., stronger market/less bearishness).

4 thg 10, 2016

Ghi chú

Removing target 1. I am letting this one slide lower to at least target 2. BTW, this does not necessarily tell us copper will rise and gold will fall. What it likely tells us is weakness is ahead in ALL metals, so this is further substantiation to SHORT gold.

4 thg 10, 2016

Ghi chú

For the last 15 years the correlation has been .88. So again, correlation is strong, but magnitude is what differs most.

11 thg 11, 2016

Đóng lệnh: đạt mục tiêu

Both 1 & 2

28 thg 11, 2016

Ghi chú