Positions update + a new one
Hi all.
In August this year I talked about 2 positions which seemed interesting to me. Let’s see how it all went.
First, in the article below, a long S&P500/Gold trade was discussed:
The Ratio was at 2.43. Today, it’s at 2.27, so that is a 6.6% loss. The ratio even went down to 2.11 early this month, which makes a drawdown of 13.2%.
Let’s take a look at the chart:
To me, the fundamentals have not changed. My view is that S&P500 will outperform gold in the next months and years.
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Then, in the article below, a long WTI/NatGas trade was discussed:
The Ratio was just below 10. Today, it’s at 15.80, so that is a 58% gain. End of August was the (current) low. In my view, the position still has upside potential. Soft target is at 20.
Let’s take a look at the chart:
Now, for my beloved paid subscribers, let me tell you about another trade I’m watching at the moment, and why I think it’s still a good time to enter.
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