US Treasuries Gain, As Global Economy Quakes (continued)
by AL MARTIN (INSIDER INTELLIGENCE.COM)
00 area in Sunday’s overnight trade.
We continue to trade the Gold from the short side on rallies above 1250. Again we shorted the Gold on a move back to test the 1250 area in Thursday’s trade. We covered on our standing orders at 1240.
Note the Gold is now being consistently turned back to 1240. If 1240 should give way, we would expect a very quick decline down to 1230.
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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.
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