Gold broke another all time high at 2790.07 this week, and I had topped up my account to 11,000 USD. I will not be opening any more new trades without closing existing ones, as my plan now is to keep on holding until the fall. I may be wrong, but I remain confident that price of gold will drop.
Nothing much to update as of now. When there are no results to show, anything I say will not be convincing.
Welfare pack for this week:
Download this week’s CFTC Commitment of Traders (big monies) analysis here.
Read more on what is the CFTC Commitment of Traders report.
Do note that the financial markets are volatile and unpredictable. The above report is only another set of tools to help with our analysis, and by no means is a 100% indicator as to what will follow. It should be used together with other necessary research which a trader or investor should do.
