So many hooks…that. shut people out or caught them. underinvested…
There was. and. is a laundry list of why gold couln’t rally…or why this. rally will fail…RSIs too high–COTs bearish–too many. bulls–gold needs just one more washout…gotta go to 800 ot a 1000 first….can’t rally with silver lagging…etc etc…and I can’t blame traders–we were all worn to a frazzle by the years of miserable performance…myself included…O well, that’s show biz…
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ADP REPORT
Out tomorrow. at 9:15–we may. not have to wait until Friday–if they estimate a low jobs number, gold may do a repeat performance…I wonder if this rally was startyed by someone with advanced info…and the number will be low…