The FAZ/AGQ spread worked well today moving 2.28% in my favour. Everyone will have their own theory about the "fat finger" gold sell off this week. The COT shows a large increase in the bullion house ( HSBC and JPM short positions ? ) - my theory is that they tried to jam the market down and got caught by a very deep pocket trader ( China ?? ). I think they have a problem here and we could see them take some big losses on this trade.
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesJune 2012 Categories |
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