Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Closing Out Our Short
April 1, 2020 - (Gold Market Wire) - a small inside rally is potentially building, and although technically the market closed weak, we now close out the short for a decent profit. Time to reassess the market.
Perhaps not a homerun, but no one ever went broke taking a profit. Certainly a weak close yesterday, but a chance to reassess and maybe short again when the market settles down a bit. Eventually the market will have to resolve itself, as the chart below shows the opposing forces.
Long term Gold is strong. But the time for a move to silver, we feel, is coming. Not just because the diff/ratio is so wide now - although that's a good reason... but because Silver always lags the Gold bull, and might be setting up for a run.
We will advise.