Loading ...AS WE KNOW, GOLD IS. THE EXCEPTION….IF IT RALLIES for 5. or 8. straight days–EEEEEK! It;s soooooo overbought….it’s gotta correct for 3 or 6 moths or 3 years…and it usually does…but I sense that this time may be different…in fact, it may be the rally of a lifetime…so I will stick with it a bit longer…I am not hugely confident I am right….maybe 50/50…what about you? For sure, anyone. already well positioned in PMs should wait until Monday at least cause the Japan meeting may get gold back in gear…
and when does he go back in…..also Algo’s don’t experience fear, which is why mkts can now move in one direction for days/weeks/months at a time….sure corrections happen, but they do not last…10 year treasuries are down 7 weeks running, apart from 1 small up week, really down 11 weeks , yes way o/s, but not yet showing much of a sign of a rally.