Eoin's personal portfolio: gold long initiated
Comment of the Day

April 16 2013

Commentary by Eoin Treacy

Eoin's personal portfolio: gold long initiated

Eoin Treacy's view Many people are hypothesising whether gold's decade long bull market has ended. This is an impossible question to answer at this stage. However what we can conclude is that the trend's consistency has experienced significant deterioration of late and that the trend of ETF Holdings has broken down over the last two months. However despite these considerations, yesterday's historically large pullback has created a short-term oversold condition and the potential for an additional bounce, even in a bearish scenario, has increased. I opened a long position in the June contract paying $1384.40 including spread-bet dealing costs.

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