Pascal
09-18-2013, 10:53 AM
It is interesting to see the S&P500 under selling pressure while gold miners are being bought (together with gold.)
This smells like cash is raised: equities are sold and the short gold miners positions are covered.
The 10 Years rates are also increasing, which should normally push gold down, but gold is attracting money.
Everything is telling us that funds are now managing their position before the Fed decision.
Pascal
Conclusion: Do nothing except managing your position.
19949
19952
19950
19951
This smells like cash is raised: equities are sold and the short gold miners positions are covered.
The 10 Years rates are also increasing, which should normally push gold down, but gold is attracting money.
Everything is telling us that funds are now managing their position before the Fed decision.
Pascal
Conclusion: Do nothing except managing your position.
19949
19952
19950
19951