Housekeeping: Good Morning.
Gold revaluation is a process, not an event
Today:
Commentary: CTAs sold, Levels to Hold
Premium: Michael Oliver Gets Bold
Session Recap:
US equities retreated on Friday ahead of May's inflation data and the Fed's rate decision/guidance this week
Premium / Markets: MSA Update
Gold:
This time, in April, May, and now June, gold has traded up over $2400 each month. And six of the past nine weeks have traded over $2400. It’s hardly thin air up here is what that action is saying. No sudden spike high and collapse. Instead, gold has been taking the selling without any exhaustive-looking high.
