Equities Rally, Bonds Back Off in Anticipation (continued)
by AL MARTIN (INSIDER INTELLIGENCE.COM)
We were short the Gold off our 1299 stop in Frida'‚Äôs action. Gold broke the 1282 support area and traded down to the 1265 area. We expect that if nothing concrete is arrived at over the weekend that the Gold will rally back to test the 1292 area.
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* AL MARTIN is a market trader as well as an independent political/ economic analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. He is considered to be a source of independent analysis for financially sophisticated and market savvy investors, as well as subscribers who want to understand the behind the scenes working of markets worldwide.
Check out Al Martin's website Insider Intelligence which provides weekly commodity futures trading recommendations.