Thursday, March 13, 2014

Gartman to cover Long Gold/Short Copper trade

Gold and the precious metals are weak, but they are demonstrably less weak than are the base metals, with copper leading the way lower. The economic news out of China has laid waste to copper prices.

We shall then move to cover our long gold/short copper trades upon receipt of this market given that copper traded just below the supposed obscene number of $3.00 earlier today but has since rebounded.


via http://www.fastmarkets.com/gold-news/72298-0-en