Loading ...“However, the bears relentless selling appears to be stalling out. If they are going to smash it some more then why are we stuck in place??”
Best guess is they are just waiting for news, whether good or bad. Then there’s an excuse.
We no longer rally on reports that are USD negative because it’s a given to moronic traders that the Fed will hike rates. Whenever we go sideways as we have now for a week in gold, it resolves to the downside. All they need is news, then they can sell and say see!
I hope I’m wrong as hell, but in my jaded view the boyz just need a reason.
PM shares are OK today, the boyz are just saying, c’mon in, the water’s fine”