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OCT 08, 2013 - TheStreet

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[video] Quick Take: Gold and Oil: Better Off a Buyer Than a Seller

NEW YORK (TheStreet) -- A Goldman Sachs analyst called gold a "slam-dunk" sell, but Alan Knuckman of Trading Advantage tells TheStreet's Jill Malandrino that he doesn't agree with that. Based on price action, Knuckman said gold looks attractive, especially if it continues to hold the $1,300 level, which it has on a weekly basis. A more important level would be $1,350 since it is the midpoint between the most recent highs and most recent lows. To take advantage of a move higher, he suggested buying the January $20 call on the Market Vectors Gold Miners ETF, which currently trades ... Read More

Tags: [video] Quick Take: Gold and Oil: Better Off a Buyer Than a Seller,  Commodities Latest News