Wednesday, May 7, 2014

Buy Gold, sell crude oil trade idea

"Perhaps what one might want to do [is] buy gold and sell crude oil against it. That might be the next big trade."

On Gold and why it could go higher
"I think Friday's activity was very important. You made a new low, then you rallied very hard—an outside reversal day as the technicians say—and as long as that outside reversal holds, you have to use any period of weakness to be a buyer."