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Futures Now Traders Share Views On Gold & Euro

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Jeff Kilburg suggested to the viewers of CNBC's Futures Now to take a long position in gold.

He thinks that the gold is oversold because the bears are failing to push the price lower despite the bearish news like the lack of inflation and the stock market rally. He thinks that the forecasts of a decline below 1,100 are not going to happened.

Kilburg wants to own gold and his entry point is at $1,281, with a stop loss at $1,266 and a target price at $1,311. With this trade he is risking $1,500 and he can make a profit of $3,000, which sets his payout at 2-to-1.

Scott Nations is not a fan of gold. He thinks that the conflict in Ukraine is the only reason why it is holding this price level. If the problems are settled, no one would buy gold.

Instead of a gold trade, Nations recommended a long position in euro. He explained that the interest rates in Europe are collapsing and everybody thinks that the U.S. rates are going higher. Interest rates in the U.S. are not going higher and the spread is not going to increase, so the euro currency is getting crushed for the reasons that are just not playing out, thinks Nations. He wants to buy euro at 1.32, with a stop loss at 1.31 and a target price at 1.335. His risk/reward is 3-to-2 as he can win $1,875 and lose $1,250.

 

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Posted-In: CNBC Jeff Kilburg Scott NationsCommodities Forex Markets Media