Trading Recommendation: Go long gold. Use puts as stops.
Active Positions: Long gold futures (in size from $1080!), with puts as our stop!
A sharp and significant price pullback would lead to a sentiment cleansing, allowing the overarching rally to continue afterwards and potentially maintain strength until next spring.
Gold’s bull market has, through twists and turns, been ongoing since 2000; and through coming twists and turns, will keep going.
The yellow metal today at 2674 is undervalued by some -1069 points per its 3743 Dollar debasement value. Dip Gold may near-term do, but long-term do not Gold eschew.
I wonder what the years of extreme intervention since 2008 did to our indicators. Does the data still mean what we think it does? That’s on top of questions on whether the data is even being measured correctly.
