Shorting gold maybe the best strategy for 2015. In the next 10-12 months, gold price can hit $950 per ounce. But can gold sink to $950 in the next 13 months? One trader believes so and has even taken a position on it.
“You’re going to have little pockets of trades that occur as we get more global uncertainty,” Seaburg said. “But ultimately I think the trajectory for gold is down, and I do believe that being short it is the trade right now.”
Improving US economy and USD getting strong are obvious reasons for shorting gold.