Loading ...Yes that was a good close — not that the fun is over.
In the good news department the aggressive ETF speculators are now shorting the PM’s at present levels expecting at least a pull-back. And I wouldn’t doubt the COTS will improve too.
This is classic bull market action.
A gold close over $1400 tomorrow will paint a nice monthly candle for June.
Turns that begin in May often last into November – at a minimum.
Cheers