So far not only are GLD and GDX holding up well on a relative basis, but they are making the kind of lateral trend intraday that is needed for the reversal process so it looks like this one is going to pan out too.
Even though USO took a little hit, it's still well within the reversal process so it looks ok too.
I'm actually impressed with both GLD and especially GDX thus far.
Is interest rates about to start going up?
-
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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