Gold took quite a jump on Friday as the US dollar pulled back following disappointing unemployment numbers.
Was the jump, the best in 7 weeks, overdone? A lot of gold related stocks also rose dramatically, many of them outpacing the jump in gold by a wide margin.
This strategy article looks at gold and the prospects for some profits as gold continues to climb while the US dollar languishes.
Watching Gold – Trade Ideas and Outlook
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.