I'm not convinced this is a big downside trade, but with SLV also showing negative divgerences and GLD as well as YG/Gold futures, I think at least for the near term there's a better exit and if there's more, we'll take it from there.
This is not an asset I'd call out as a new position right now. I think with a day's of patience you'll have much better opportunities.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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