After retracing about 30% of this morning's gap, both SLV and GLD headed higher. It looks like there's going to be a correction in the area. Remember that corrections/consolidations can occur through price retracement or through time in lateral trade.
The intermediate and longer term charts are still bullish for more upside
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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