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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Covering the Gold Short
July 6, 2022 - (Gold Market Wire) - As expected the Euro rout commenced as we passed through the 1.035 area and gathered steam when 1.03 was hit. The Euro rout is in full bloom, and will probably continue until, at least .95, if not further.
Our short on Gold has worked out well, (c.f. - https://www.goldmarketwire.com/articles/gold-pressured-by-surging-us-dollar) but such is the monetary mayhem unfolding, we are going to cover.
Brass in pocket, we close out. These are headily times, and we got on the right side of a major move. These types of moves, we feel, are going to become more pronounced as we move forward.