Gold is down almost $85 from its mid-October peak, richly rewarding “commercials” who had presciently expanded their short positions just ahead of the plunge. Although their expectations may be even more ambitious, I’ve nonetheless suggested tightening the stop-loss on the short position that some subscribers initiated last week on my guidance. For a worst-case target and further details concerning risk management, check out my latest update to the gold tout. If you don’t subscribe but would like a free peek, click here. That will get you a two-week trial subscription at no cost, as well as access to a 24/7 chat room that draws experienced traders from around the world.
‘Commercials’ Nailed Gold’s Plunge
- November 5, 2015, 1:31 pm
What gives with this single stock volatility? You cannot be certain that even a decent performer will get hit with some 10-15 percent drop – based on some comment in some or another report – and this seems like this trend is working itself through everything.