The Buy the Dip crowd seems to be out in force on the touch on the long term moving average, I would prefer a consolidation along the 150 m.a. before buying and a base, but there seems to be at least a dead at bounce off the 150 in play.
GLD 1 min
GLD 5 min
GLD 10 min
GLD 15 mn
GLD 30 min
-All positive to varying degrees.
DGP-Double Long Gold ETF-for confirmation-DGP 1 min
DGP 5 min
DGP 15 min
SLV is moving too, most likely a dead at bounce, but who knows with all the manipulation of the precious metals? SLV 1 min
SLV 5 min
SLV 10 min
SLV 15 mn-All positive as well.
These are not my favorite commodities to play due to the immense amount of manipulation from the CME and other sources, but they endear a lot of strong feelings, so I figured I'd update them
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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