Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 680.59

+0.6%

Dec 19 4:00 PM EST

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To: JMTrader who wrote (157888)	6/17/2021 7:17:18 AM
From: GROUND ZERO™	Read Replies (2) of 220497

Gold is a great short... the VP signal is short and the optimized portfolio actually should have taken a short position but it wasn't taken, shorting is always more risky... On any reasonable bounce gold may be shorted in the op portfolio... I shorted tons of GDX yesterday and bought tons of EUO on the op portfolio buy signal for UUP... I think the U.S. Dollar has reached a significant low and will likely rally along with higher rates... The U.S. Dollar is probably a better buy than FAS since banks could also suffer if the economy goes into the tank and we end up with stagflation... The FED clearly noticed that gold was ready to explode higher so they had no problems making sure it doesn't... a gold rally is the very last thing they ever want to see... Rising gold prices represents the public's increased mistrust of the banking system and the FED's only job is to protect the banks... so, it's a no brainer what the FED will always do if/when they see gold begin to rally... GZ

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