FLASH GAGE – Oil Lifts Gold

FLASH GAGE - Oil Lifts Gold

The price of Oil has been down for twelve straight days.

Hedge Funds got caught buying oil and selling natural gas causing a spike in natural gas prices in the last few days as they cover their loosing trade.

Today Oil is trading higher and with a weakening dollar (for the time being) as we are seeing a short covering rally in Gold. Next level of resistance is at $1,212 in spot.

Enjoy the rest of your day.

Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.