in our 20-sept update we had mentioned that domestic gold is a good buy so long as internationally $1760 holds. accordingly we did exit dec long when this level was under threat.
The level breached and gold fell further almost $200.
Domestic gold (dec futures) are certainly cheaper and attractive today --- no one requires our advise for that. But we would only caution to wait for consolidation signs rather than simply rushing in. Because after that one needs to only roll dec Longs into Jan and Jan Longs into feb.
We are still holding and watching our yen-rupee trade
The level breached and gold fell further almost $200.
Domestic gold (dec futures) are certainly cheaper and attractive today --- no one requires our advise for that. But we would only caution to wait for consolidation signs rather than simply rushing in. Because after that one needs to only roll dec Longs into Jan and Jan Longs into feb.
We are still holding and watching our yen-rupee trade
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