Tuesday, 3 March 2015

Gold Price and Mining Stocks Decline Together



Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. We are keeping the stop-loss levels at their current levels, which means that we are effectively keeping some gains locked and at the same time we’re allowing the profits to increase. Gold stocks erased the gains of the previous days during yesterday’s session alone and gold declined visibly as well. Is their and gold’s rally over?

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