Thursday, 23 January 2014

GOLD above $1250

Gold moved up nearly 2% today to close above $1250. This has the potential for Gold to test $1400 again in Q1 2014. Weakness in China has shaken Global markets today. Watch for the Shanghai Composite to close below 2000 on a weekly basis for the trigger to shake the Global markets into a low late Feb/early March.

SP500 weekly close below 1810 and FTSE 6700 will be the signal to go short into Feb/Mar

No comments:

Post a Comment