US Treasuries Gain, As Global Economy Quakes (continued)
by AL MARTIN (INSIDER INTELLIGENCE.COM)
00 area in Sundayâ€™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 Thursdayâ€™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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