Gold

GCQ7-4

Gold has been stuck in $100 trading range for the past five months.  The next breakout could be huge.  I believe there are too many traders who are bullish on gold.  These traders need to be "shaken out" of their long positions.  Therefore, the next breakout is probably to the downside.  www.ReiterInvest.com  

Author: reiterdave

Dave Reiter is a proprietary trader of stocks & commodities. Dave’s trading career began in 1989. He is the managing member of Reiter Capital Investments LLC, a prop trading firm located in Muenster, TX. Dave has a passion for teaching others how to become successful traders. He is one of the few people in the financial publishing industry who trades real-time with real money. Dave releases all of his personal trades on a daily basis through his investment newsletter. Dave’s website is www.ReiterInvest.com. His Twitter address is @TradesByDave.

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