Gold Slips on Expected Fed QE End

The video discusses the fundamentals of gold in the market, highlighting risk aversion and the Federal Reserve's potential end to quantitative easing. Bob shares his perspective on shorting gold, citing lower highs and ETF outflows. The discussion also covers physical gold buying trends, particularly in India, and their impact on market stability. Bob outlines his trading strategy, emphasizing smaller positions and long-term views due to gold's volatility.

What is one reason traders are hesitant to buy gold currently?

• Rising oil prices

• High inflation rates

• Uncertainty about the Federal Reserve's actions

• Strong US dollar

According to Bob, what pattern is observed in gold's price movement?

• Consistent price stability

• Lower highs with each bounce

• Higher highs with each bounce

• Sudden spikes followed by drops

What is one factor that could potentially create a floor for gold prices?

• Decreasing demand for Treasurys

• Increased ETF inflows

• Seasonal buying from India

• Rising interest rates

What is Bob's target price range for selling gold?

• Between 1150 and 1175

• Between 1100 and 1122

• Between 1229 and 1231

• Between 1278 and 1300

What trading strategy does Bob advocate for dealing with gold's volatility?

• Small positions with long-term view

• Large positions with short-term focus

• Investing heavily in gold ETFs

• Avoiding gold trading altogether