Loading ...continuing to hang around here at $2650. I don’t see that as anything significant other than a semi-round number, but it seems to have become a magnet as Sinclair used to call them. Hopefully it’ll end up being a launching pad. Who knows.
The Captain picked up on the Yen carry trade that I clearly missed the last week or so. It is definitely unwinding but nevertheless gold remains strong, silver is just a surprise. Will be interesting to see what happens when the Yen carry reversal runs its course.
Not sure how we get more bullish than things seem to be right now.
Course my remarks are being monitored by the scum, and no doubt they’ll make me eat these words. 🙂 🙂
Then again, maybe not.