I just saw this so I'm getting it out quick with no charts.
As shown last night silver and gold are both negative in many places, but the 5 min is what is important now and they are still negative. I've had a feeling all this morning they have been trying to bounce on an intraday basis and the 1 min silver and gold futures is showing that as likely to start almost now, but the point being is there's a roof on that bounce, it's the 5 min negatives so I may be looking to add to or start new positions (short/puts), but even if I chose not to, I'll still keep track of them in case they do offer a great entry today.
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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