Loading ...re yr 16.04
After 7 weeks down a bounce was almost inevitable, so in short too early to tell.
Next few weeks are key, as PM’s may well have a serious bottom in here, action has been good for an early third wave. Lows must hold and ideally more upside quickly. Huri back above 200 would be good….an unch or better close tdy, will give large Bullish Reversal bar on Monthly charts !!!!! Typical action would back fill some of the bar, at some point next month, then up fast.
Bonds have bottomed ending 30 year b in bear/bull, that is serious for SM…..SM has not topped yet, but I think we are in Blow off stage, ie we will top soon…but could be miles up yet.
Dollar no serious sign of Top yet….but in area that some see as a Top area.
My extreme cynic says, did Bathouse knock SM and bid Au, to make his Russian crisis more serious…hope not, but wouldn’t put anything past him……Gotta love Vlad’s put down, especially inviting the Kids over for new Years eve in the Kremlin……….Bathouse must be going ape…. .
Cheers…going traveling for a while tdy….may check in later……if not have a great New Year.