Goldman Is About To Be Stopped Out Of Its Gold Short
by Tyler Durden
ZeroHedge.com
03/10/2016
Given China’s new focus on a basket of currencies, rather than pegging to the dollar alone, today’s record-breaking reversal in EUR has sparked a yuuge 300 pips rally in Offshore Yuan (from 6.5270 to 6.4940) pushing to its strongest level since mid-December. At the same time, Gold is accelerating as China opens, pushing up to $1288 – new 13-month highs. Most critical is we are within $5 of Goldman Sachs “short gold” stop at $1291…
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