Monday, May 12, 2014

Bank Of America - Puts Sell on Gold at $1300. May 2014

Bank Of America Would Like To Buy Your Gold, Seeing "No Gains Above $1315" | Zero Hedge:



BofAML notes...
It is time to sell Gold. The range trade / consolidation of the past month is drawing to a conclusion. Further gains should not exceed 1315.70 (May-05 high) AND CAN'T EXCEED the Mar-14 high at 1331. Downside targets are seen to 1215.
Sell Spot Gold at market (1300), risking 1325, targeting 1215, potentially below.



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