Yesterday from the charts, I thought GLD was going to have trouble holding on to yesterday's gains, sure enough...
GLD is down over .50% thus far in a very parabolic drop...
The 3C chart and this was captured 30 seconds later, look how much worse the drop is 30 seconds later.
Because it is parabolic, I wouldn't be surprised to see a bit of an upside correction, but I'm not seeing that yet.
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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