I put out a trade last night in June Gold that could have worked well for Golden Meadow subscribers with access to the Trading Room.
Since many of you who don’t follow the discussion there are interested in gold, here is some guidance I just posted in the room that may be of help:
“The gold trade recommended last night could have produced a net gain of as much as $9,200 per contract so far. The June contract misbehaved much as predicted, teasing the 3147.70 correction target before reversing for a whopping 115-point gain. What's next? You can relax and become a true believer in gold once more if and when the rally exceeds 3270.40. That will signal the likely end of the selloff from the record-high 3509.10 recorded on April 22. My forecast nailed that high as well with a 3533.40 rally target advertised months earlier, when gold was trading for around 2750.”
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Rick Ackerman