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Gold is now up over 13% from its pre-Fed rate-hike lows, having surged through its 200-day moving average by the most in 2 years. As bank risk spikes globally, it appears bonds & bullion are the investment of choice once again in the face of systemic fragility concerns.
At 4-month highs, gold is nearing a crucial breakout point...
After the heavy volume puke in gold after the jobs data, buyers have stepped back in size.."
http://www.zerohedge.com/news/2016-02-08/gold-surges-4-month-highs
CME TI Gold Futurex (10 min delay)
Getting to WEEKLY resistance:
US Stock index futures are sucking to hi hell, 28 mins before Mkt Open (but read my signature)
CME WTI Oil,not looking so good (whihc seems to drive US equities)
Don't know what else I can say......
