Closed Trade Alert (UGL +10%) - The Forecast

Closed Trade Alert (UGL +10%)

Closed Trade Alert (UGL +10%)

Closed Trade Alert (UGL +10%)

Gold passed our first target of $1880 and is currently trading near $1900 futures – close enough to our second target of $1912. We will close the position out and take profit slightly early, given the severely manipulated nature of gold. After $1912 is struck (likely in premarket trading next week), we expect some consolidation and a higher high into early April, most likely based on geopolitical conflict. We do not expect silver and miners to follow this price spike.