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home / news releases / UBG - Gold: Shorts Are Feeling The Squeeze


UBG - Gold: Shorts Are Feeling The Squeeze

Gold

The market was volatile on Thursday morning. The Fed announced it is changing the policy in relation to inflation, which they would like to see at 2%. It caused a lot of volatility in the market. It was at about $1945. It ran right up into the extreme above the weekly mean of $1963. It completed the daily target of $1981. We have seen a tremendous amount of profit taking at the Sell 1 level. This morning, since the VC PMI target was completed, we told our traders to take profits as gold reaches

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Stock Information

Company Name: UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Stock Symbol: UBG
Market: NYSE

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