Jump to content



Photo

Covering some index shorts, short Gold


  • Please log in to reply
No replies to this topic

#1 ogm

ogm

    Member

  • Traders-Talk User
  • 13,780 posts

Posted 14 March 2014 - 02:20 PM

Just a short term trade here. Taking same profits on the short side ahead of the close. Selling short some gold. My bet is nothing meaningful happens during the Crimea referendum on the 16th. Crimea is gone to Russia, its a done deal. And the West won't do a single darn thing about it. Bloodless takeover. Short term we are getting a bit oversold. and if nothing happens, market should get some releif going into the Fed meeting. And Gold that ran up should get a pull back. Longer term charts however are starting to look ugly. But we'll deal with that later. After the Fed.

Edited by ogm, 14 March 2014 - 02:20 PM.