Stocks up mildly, dollar down some, Silver slightly strong, Copper nowhere
Nothing about the report was bullish Gold more than any other asset.
Therefore there was some buying waiting in the wings that had to be filled.
Implies a weak lid susceptible to being pushed…..
NOW WHAT:
The lid has been breached. We must close above 2527 for volatility to continue expanding.
If we close back inside the Bollinger bands all bets ar eoff.. and anything can then happen. We could be witnessing a capitulation top for a little buy if that happens
Mercantilism is awesome 👍🏻
Seems the lid was blown half way to the moon.
Mikey likes it!!!
Vince any ideas on the BIS possibly stepping in again to work on behalf of the US to stop Gold’s move today?
Thanks