Brian Stutland's Gold Trade

Brian Stutland spoke on

about the reasons behind the move higher in gold. He thinks that traders are buying gold because of the weakness in the euro. Potential money printing by ECB is putting some upward pressure on gold, said Stutland. He suggested a bullish futures trade. Specifically, he wants to buy the February expiration futures contract at $1,290, with a stop loss at $1,275 and a target price at $1,310. Stutland believes that if gold breaks the stop loss, it could trade lower, to $1,260, which is, in his opinion, a great buying opportunity.