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09 August 2016 at 11:47 GMT
A quick update on our bullish spread: Structurally, the bullish sentiment in gold is still relevant (if weakened) with the recent move down to the current levels of $1,333/oz.
Our bullish entry on 7/27 could still play out as we have 16 days to expiration and a limited loss of $5.70 per contract.
We expect equities to chop sideways or down and bonds/metals to get a lift here.
— Edited by Michael McKenna
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