Edited by ogm, 14 March 2014 - 02:20 PM.
Covering some index shorts, short Gold
Started by
ogm
, Mar 14 2014 02:20 PM
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#1
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.