By: Scott Redler
In line with our plan for reentering the gold trade, today we added into Tier 2 macro long in the $105 zone on the GLDs. We bought with an average price of $105.45. This area carries a lot of significance being that India purchased 200 tons of gold from the IMF at $1,043 an ounce. That price should serve as a psychological support area.
.png?gda=bSQZlGUAAABe_zedmAqX0uvht_yY0wvjXDwd3KPXQ50NG0SDDeJczxWP8iZweOli_r-J7nuN_Ur6A0AN3UiVvS2KC08ejlwmrqpTx-CLM1tpM5PAPtalkHOWqdZlAPfLqNmoIx9IVDoa7WIsd6qHDhllGPdGMn_4)
