Thursday 26 January 2012

A tidy sum from XAU, Buy On Dips!

So, XAUUSD (Gold in $$) has massively outperformed over the last few week's "inflation rally" to the tune of about a percentage point for the JF Macro Fund. We continue to sit on about 1/4 of our original position and intend to buy on dips, the one problem being that now XAUUSD has broken its downtrend resistance (see below) it may well be set to run riot.


XAUUSD (Orange), XAGUSD (White) and XAUEUR (Blue)
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