On very short term trades, the difference between making money and losing money is trade management. Based on the ZYX Change Method trade management guidelines, 5% short should have been scaled in at $1082.5 and another 5% at $1100. The method suggested aggressively shorting just below $1105. and a stop
Gold has spiked on the news that Reserve Bank of India bought 200 tons of gold from IMF. On October 26, 2009 we reduced gold allocation to zero in our Multi Asset Global Allocation Model. At that time, we knew that IMF was planning to sell 400 tons of gold.
Those who followed our tweet yesterday have a $18.00 profit on gold futures. As our long time readers know, we recommend $DGP for those not comfortable with futures. $DGP buy price should have been around $19.25. Take profits right here around $20.16. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE
Gold has been hit very hard due to funds liquidating their gold positions to meet margin calls. Technically oriented accounts have also been heavily selling gold as gold has failed to perform during the crises. India is the biggest consumer of gold for centuries old cultural reasons. We are detecting