XAU is a buy here i think
it may actually be a better trade than the straight long gold.
game plan: triple bottom around the same level than the 2009 low.
Gold was trading around 700 at the time. At 1150 on gold with oil price being lower and therefore cost of energy being lower, XAU could have potential higher.
game plan: triple bottom around the same level than the 2009 low.
Gold was trading around 700 at the time. At 1150 on gold with oil price being lower and therefore cost of energy being lower, XAU could have potential higher.
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