On CNBC’s “Futures Outlook,” Bill Baruch of Blue Line Futures said he loves gold going into 2021. Buying gold on Dec. 23 and selling it at the end of January was a profitable trade in 15 out of the last 17 years, said Baruch.
He wants to buy the February e-mini gold futures contract at $1,900. His stop loss is at $1,850 and his target price is at $2,000. He is willing to risk $2,500 to gain $5,000.
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