Loading ...I don’t know. I wasn’t implying that a waterfall is imminent. What I meant to say was that if they don’t get the desired waterfall and are only able to pull us back a little, then the pullback will be short and sweet. The USD is in free fall right now. I think we can expect a bounce but a new uptrend seems doubtful.
No question we are ripe for a pullback but it may not be what we think. Maybe there is something going on under the surface that we aren’t seeing yet?
I agree with you about the “Fast Money” crew loving gold is NOT good, but it also seems the best the scum is doing at the moment is keeping things at bay.
One thing for sure, assuming that the COT Report is honest, we’ve never seen the scum get their asses kicked as bad as they are right now.
Have a good weekend.