As a commodities trader, my focus is solely on crude oil $CL . It’s all about going long and only buying. Shorting crude oil is like betting against the market. Gold and oil are two products where just going long will bring in the gains!!!
The SPDR Gold Trust, the largest gold ETF in the world, reported no changes in its holdings, maintaining a total of 1,034.853 tons. According to Jin10, this stability in holdings reflects the current market conditions for gold.
why should you buy gold at this moment? why not short sell gold?
For me, there is only one simple answer to the two questions above. Gold will always have new buyers, and new buyers will always appear in greater numbers. This means there will never be a last person to buy gold. Therefore, the strategy of short selling gold is the stupidest thing. $XAU
reapply the old strategy, profit from $LTC to compensate for the funding hold $XAU Last night was quite bitter, as I had to incur a loss of nearly 50% of my account, just to cover the funding fees
funding fee $XAU is quite high. I will hold until next week hoping for a gross profit of 1150%. The current cost has lost about 40% compared to the account
scalping $LTC to get the profit offset against the funding fee hold $XAU this funding fee when holding gold, when taking profit still accounts for about 80% net profit. Oh dear, painful because of the funding fee