Gold and Bonds

Gold and TLT have been running inversely to each other lately. I am long bonds through the x3 TMF and out of my gold trade. I don’t short gold I am long or in cash. This chart shows my read on gold this year…the blue circles are the turning points and the blue arrows are the take profit zones. I scale out of the trade as it moves in my favor.

gld62617

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s