June Gold Inching into sell zone

  • Posted on: April 29, 2013

Fridays high was 1484.  I’d be a scale in seller at 1500 or,  consider buying 1400 puts for a minimum loss.  3 or 4: 1 payoff.

In the grains, weather worries sparked short covering rally. I wrote about buying calls last Thursday.
This, in my opinion is a rally to sell.   IN CZ13  scale in sells between 5.67 and 5.75.  Have buy stops above at 5.87.
That’s about all for today.
Good trading
CER