Buy Gold When It Falls to $1170: Horwitz

The video discusses the impact of the US GDP growth on gold prices, highlighting that a stronger economy and US dollar are not favorable for gold as a safe haven or inflation hedge. It also covers China's potential economic stimulus and its implications for gold demand. Trading strategies are suggested, focusing on selling gold at current prices and buying at lower levels. The concept of 'front month' in futures trading is explained, and the video concludes with an analysis of market reactions and trading volume.

What was the unexpected GDP growth rate for the US in the third quarter?

• 6%

• 5%

• 4.3%

• 3.5%

How might China's economic actions affect the gold market?

• Decrease in gold demand

• Increase in gold supply

• No effect on gold market

• Potential increase in gold demand

What is the suggested trading strategy for gold according to the transcript?

• Buy gold at 1200 and sell at 1250

• Avoid trading gold due to market volatility

• Sell gold at 1195 and buy at 1170

• Hold gold until it reaches 1300

What does the term 'front month' refer to in futures trading?

• The contract with the highest trading volume

• The contract nearest to expiration

• The contract with the lowest price

• The contract with the longest duration

What is the impact of light trading volume on gold prices?

• Causes prices to rise steadily

• Increases price volatility

• Decreases price volatility

• Has no impact on prices