I have doubts about GLD holding today's move or this being something technically (bullish) significant, I have some doubts about SLV too, but GLD more so.
GLD has had all day to confirm with a 3C higher high, no such move
The 2 min chart looks like this move has been sold/distributed all day
The same can be seen on the 1 min chart, especially in to the afternoon bear flag-like move. To the left you can see the accumulation sending GLD higher, it wasn't that big and on a 1 min chart.
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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