3. Long of One Unit of Gold in EUR terms
and One Unit in Sterling Terms:
We bought gold
August 5
th
, but we did it EUR terms rather than in US$ terms and we
shall not wish to see €645 taken out on the downside. Given that the
market is trading €680.00 at the moment, we see little likelihood of
that stop being elected.
Further, we bought gold two weeks ago in Sterling terms, at or near
£582. We bought another unit, Sept. 7
th
with gold trading