I see some stuff going on in GLD too, if I were to take a position there, I'd try to wait for an intraday bounce, I think we will get one, but it is starting to also look good for a swing trade pullback.
Gold's long term charts like daily are going off the scale bullish, however it looks like it will come down first. I'll get a GLD update out, however for the time being, I want to reiterate DUST long or GDX short (the DUST position I opened Friday is at a slight gain).
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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