“So says the woman in charge of the gold market!”
As I warned on Friday, weekends bring their own set of rules & pain to the
equation in financial markets … and gold longs are about to get theirs, after
seeing the longest stretch of winning days since 2011 … whoops, no tariffs on
Mexico … yeah, that’s gonna leave a mark … question is, is the correction
gonna be just a correction before breaking through 1350, or is this the start of
the next cycle in the “Comex Con Game”? … too soon to tell really, but the way
the world is headed, I’d have to give the nod to higher price.
Directly below, this week’s 20 Day Range MA’s.
click on any chart to enlarge
I’m a little “under the weather” this weekend, fighting something making me “off”
just a little … just in case, though, I’ve let the Mrs. & the dog know we’re on
“Man Flu” alert [yea, that helped tons!], so the island can be on standby for
needed supplies … amazingly, nobody seems to care … probably cuz it’s
Summer … yea, let’s go with that.
In any event, I’ll be back at full strength tomorrow [hopefully] … should be a very
interesting week in gold … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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