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Friday’s Session: Uneventful, yet Extremely Rich in Hidden Signals

July 9, 2018, 7:57 AM Przemysław Radomski , CFA

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Gold ended last week with a small decline and overall it was only a bit higher, thus making the weekly reversal less than perfectly clear. But, Friday’s small decline was quite meaningful as there was something about it that usually followed very similar outcomes. Something that is connected with the GLD ETF, but not with gold… We can say the same about the moves in platinum and in the USD Index. The prices at which they closed the previous week are very informative and confirm that profits from our speculative trade should increase even further.

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