Chart - TA, page-3366

This thread seems to have been a over the place, FA + TA, which is fine because they are mutually inclusive.

Unfortunately just a flat view of DEG TA, skol is more correct from a swing basis. The lower high isxshowingvsign of peaking in line with gold. The price has yet to break the rising TL so either anticipate it or confirmation.

Last night's Powell commentary had me thinking that they have shift the focus to inflation fighting and not accommodative to stockmarket sentiments. Add to this is Ukr war driving up commodity prices from energy being the basic input cost.

As opposed to gold=inflation hedge, I think the mechanics has flip to bond yield and no return gold holding. The risk ccy v USD has meant that US bonds are now paying a very high 'risk free' rate which usually don't favor gold price.

This is a month to month narrative because if this month's CPI/NFP flips back to bearish marked to market, the stock will once again explode up. I think this Friday is NFP.

Deg compared to its peers is doing much better, I wonder if that TO premium is the defensive factor?