Default Deal Creates Gold Bounce [CNBC]
Gold futures rose today after the announcement of a tentative deal to pass debt limit legislation. The move reflected investors abandoning short positions in gold, which traditionally serves as a hedge against the dollar and U.S. Treasurys. “If you’ve been using [gold] as a trading vehicle, you want to get out, because there’s no more reason to be on the short side of gold,” said George Gero, precious metals strategist at RBC Capital Markets.
“Congratulations on your work. It has been a long slog to get the national accounts…
The broken wing butterfly and the butterfly spread are two different types of option trading…
The bear call spread and the bear put spread are option strategies used when an…
It’s not often that you hear the brilliant Austrian school economist Ludwig von Mises referenced…
While Charles Dickens’s famous statement, “It was the best of times, it was the worst…
Five advantages to day-trading with a 90% win rate offer a tempting opportunity. The five…