http://uk.businessinsider.com/hsbc-buy-gold-2016-4??r=US&IR=T
"The US dollar price of Gold is in an uptrend with a bullish Elliott
Wave structure," said Murray Gunn, HSBC's head of technical analysis.
"With momentum turning up we open a long position at a spot reference
of $1,260. A stop-loss is set at $1,200 with an initial target of
$1,500."
Gold was trading at around $1,261 an ounce on Tuesday morning.
Hmm sounds like a Short call to me....Don't go chasing this rise folks let it settle down a bit then buy with both hands.
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