| Videos | Channels | Search |
Why I'm shorting gold again
Anton Hughes from Magick is looking to short gold as the commodity had a good day yesterday and as a result he expects gold traders to take a profit today.
He also says there is a strong correlation between gold and crude and that the latter is currently finding support above the $107 level.
Gold has risen against the weakening dollar, following fears of a tapering in stimulus measures next month in the US. As a result, Anton is looking to make an entrance at 1310.32 and to make a profit at 1302.25.
00:54 minutes
Tags: anton hughes, commodities, commodity, commodity trade, crude, dollar, economic stimulus, gold, gold trade, investment, magick, saxo bank, saxo tv, tapering, trade idea, trader, trading, tradingfloor.com, us, us economy, video, weak dollar