So much for the safe haven trade...
This all fits in a bizarre way according to what we expected and what we saw last Friday, it's just in Fast Forward about 10x thus far... Still conclusions can't be reached this early in the day.
GLD 1 min 3C is trading in line-the gap up WAS confirmed...
However the 5 min shows distribution quickly set in and a steep leading negative divergence. As I said, someone knows something we don't, the evidence is on these charts.
Is interest rates about to start going up?
-
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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