Gold

Friday  17 March 2017

Sell the half-position at 1235…

Also, raise the sell stop to 1227.7

We have limited flexibility on half-positions, based on
established rules.  Their objective is to capture a profit, if
possible, in the $1,000+ area.  So far, we have accomplished
that objective.

This position was not too dissimilar to the buy recommendation
for sugar, which was stopped out at a loss.  Gold turned profitable
after a few days of negative trade.  There is no way to know how
market activity will develop once in a position, and not all work
out profitably.

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