GOLD the shinny metal sustaining the RUB
With U.S FED re-affirming its intention to fight inflation and Russia having its reserves in gold whereas U.S being reliant on foreign debt and oil for the workings of the U.S dollar. I now expect a deep relentless dive in gold markets. Target 1070$ and possibly lower in the next 12 months. Nevertheless this will not be in one go. There are many levels where price could bounce to further trap Gold bugs.
Trade closed: target reached:
Too risky to keep shorting. Best to close and re-enter higher.
I am not a financial advisor.
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