Riding The Gravy Train: Gold, YCS Updates

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Monday, October 31, 2016

Gold, YCS Updates

 
On October 1st we warned that gold was due to fall, and it lost over 5% by the following week. 

On October 6th we predicted that gold was due to bounce, and it hit its low for the month the next day.  It has since rallied almost 3.5% from that low.

The bounce may continue awhile, however we've no reason to turn long-term bullish at this time.  


On September 22nd, we made the case for selling short the Japanese yen via YCS.

Yesterday YCS hit its high since then, up 9% from our entry level. 

We're raising our stop by another $1, now to $60.90

 

 
 
 
 
 


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