This morning, the European Central Bank voted to keep interest rates unchanged at zero. That is causing some strength in the Dollar, which is a headwind for gold. Still, Gold is now above its 20 DMA, which has finally turned upward, so we are going to take a 20% position in UGLD at $10.61. With the currencies moving against us today, we aren’t willing to take too much risk on this one. Our stop will … read more Trade Alert
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