Loading ...$Silver short vs Gold short YTD
-> Posted by Matrix @ 21:14 pm on August 21, 2014 No Comments
With the War Drums in play % gains being short Gold YTD has been a very difficult trade as Gold is a safe haven currency trade for Big money….sorry SilverBuggers your not!
If one is going to short the pm’s sector Silver is a less riskier trade as last Fri proved when Gold popped on Ukraine news while silver laid flatlined.
All it takes is a comment from NATO regarding aggressive Russian activity and a $25 pop in gold unfolds in no time….shorting gold during Armstrong’s highlighted War Cycle is a very risky trade.
IF gold closes below $1240 and the war drums are fading perhaps a trade will unfold, until then Silver is a better short trade.
stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=0&mn=4&dy=0&id=p53854910258&a=364688442&listNum=1