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Short Gold & Go Long The Dollar Next Week!
- Thread starter BlueStreek
- Start date
And the reason is ?
looks pretty much the opposite of what u say!
We will get some profit taking, as we had sizeable moves the last 7 days. This is just nice short term trade, take advantage of market dynamics. Just like the copper contract at 3.899, nice little risk reward trade considering the economic reports that were coming out Friday morning.
Quote from SethArb:
and what might those risk vs rewards be in the trade?
and why would the longs in gold and shorts in the USD not try to press their bets even more going into NFP this friday ?
Havent looked at a chart for a week or three, and i would say it depends on respective, or anticipated weakness in oil.
Just a guess as to op's motivation.