I still think there's going to be a fantastic trade in one or both, I've thought that since last week before they made (in gold's case) the best move in a year in Sunday overnight futures in to Monday.
They both look set to retrace a bit which will keep them lateral and we should start seeing accumulation in bigger amounts that will give us a clue as to when a trade, a high probability, low risk trade will be near, it could come very fast, it could take a few more days, but I'd have some dry powder put aside for it.
I'll update both later as we see how they develop
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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