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Looking to short gold: Berger
Serge Berger of TheSteadyTrader.com is looking to short gold using the GLD ETF.
Berger says that gold has risen for the past six weeks and although he is not bearish on gold as such, he thinks that gold is overextended in the near term.
So Serge Berger is looking to short GLD at $135 with a target at 1$27,50 and a stop loss at $132,50.
FULL DISCLAIMER
NOTIFICATION ON NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
01:32 minutes
Tags: bearish, etf, gld, gold, saxotradergo, serge berger, short, tradingfloor.com saxo bank
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