Shaw Capital Management Factoring: Compass Directions – Commodities & Equities Report
posted by evekraumper 160 days ago under shaw capital management factoring, shaw capital management news, shaw capital management scam info, shaw capital management scam tips, shaw capital management investment
GOLD continues to move to the upside as debt woes continue in both the US and Europe. Recent data confirms that bullish bets on Gold are rising in the hedge fund space and as much as this is a positive it could show that a temporary top is in sight. Gold has moved higher form the US close this morning and we briefly touched on $1,598 before easing back slightly. Gold is currently trading higher by 0.40% at $1,597 in early trade.
We would be cautious getting too bullish in the ST as our ST objective has nearly been reached at $1,600. As investors are now getting increasingly bullish on Gold it would not surprise us to see a temporary pullback towards $1,550/60 before the next leg higher. In the MT we remain firmly bullish and target $1,750 by the end of Q3. We look to sell out of ST longs today on the approach to $1,600 and await a pullback. » Shaw Capital Management Factoring: Compass Directions – Commodities & Equities Report |
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