Short term? OPTION WIZARD TRADING METHOD GOLD is signaling that a short term bottom might be in via a precipitous drop to below 200,000 contracts in commercial net short positions as follows. See below)
Gold was $1624 when we wrote those words. The situation didn't feel bullish, it felt more like everything was going to fall off a cliff, Europe, metals, stocks, bonds.
Le Grande Implosion seemed to be at hand.
Nevertheless, the hard, cold numbers of Option Wizard® Trading Method Gold won the day. Here we were, not even 30 days later, as of Friday, Oct. 28 close: $1,743.40, when these words were written (the market has since backed off).
Plus 7.2%, one month (or so) gain.
Maybe Ms. Gisele Bündchen has changed her payment preferences since her last and famous pronouncement?Krugerrands.....Maple Leafs anyone....? Gisele, please write, tell me what you're thinking....
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