Short Gold against Copper

15 sept 2016

Short Gold
Long Copper
Risk and execution on (Daily) time-frame

29 sept 2016

Nota

I just commented on gold's behavior for today's price action. The spread between copper and gold is actually quite logical. Dr. Copper is known for it being a leading indicator of economic or market strength. Gold on the other hand is a safety asset for the most part. So basis behind being overweight in copper and underweight in gold has to do with an improving stream of data (i.e., stronger market/less bearishness).

4 oct 2016

Nota

Removing target 1. I am letting this one slide lower to at least target 2. BTW, this does not necessarily tell us copper will rise and gold will fall. What it likely tells us is weakness is ahead in ALL metals, so this is further substantiation to SHORT gold.

4 oct 2016

Nota

For the last 15 years the correlation has been .88. So again, correlation is strong, but magnitude is what differs most.

11 nov 2016

Operación cerrada: objetivo alcanzado

Both 1 & 2

28 nov 2016

Nota