With the 5 min negative in the Dollar and the 5 min positive in the Euro, the market activity makes sense, so would a similar move in GLD and SLV, perhaps again, a gap fill.
Longer term there's some constructive action in both, but I don't feel comfortable trading wither from the long side yet, although when the time comes, it may be a very profitable trending trade, we'll just have to see if the slow improvement of the longer term trends continue. For now, the short term, like the market...
GLD 5 min-below SLV 5 min
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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