Wednesday, July 10, 2013

Merrill Lynch's Gold Call

Some good insights here. One note on rates and gold, trades opportunities do present themselves in gold depending on the moves in 10-year interest rates. For instance, large weekly moves in rates are typically associated with higher monthly and three-month subsequent performance in gold. However, the performance results look inconsistent and traders attempting to make gold trades based on interest rate moves should be nimble with tight stops.

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