Over the past week we've learned that Dan Loeb's hedge fund Third Point had sold out of his gold, as he was only using it as a temporary hideout from market volatility. David Einhorn, on the other hand, revealed in his investor letter that he still holds his gold at Greenlight Capital.
So, with these differences in strategy and opinion, we thought it would be prudent to take a look at gold from a technical perspective. The folks at MarketClub have put together a nice video that looks at the current gold market and the technicals involved. Check out their excellent video on gold, where they outline key levels to watch.
Thursday, May 7, 2009
Technical Analysis: Current Look at Gold (Video)
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