Gold Futures overnight as it continues to bump up against its 50 day ma.
GDX with a little bounce higher continuing with its recent trend of rising against a falling broader game and also a rising dollar indicating either less interference or a lack of enthusiasm to do so. Volume is slipping.
The US Dollar corrected from its overbought position and came down to test support and now looks to be heading higher. $113.61 is resistance.
The Dollar remains very heavily overbought in the longer term charts.
25 basis points is now baked in with the US rate spectrum back to rising as the mini Credit Suisse crisis appears to have been averted for the moment.
The aussie as it sinks back towards its lows and brings the $AUD gold price up to $2670 as gold outperforms Dollars.
A look at the Dow which is indicative of the rest of the broader game and it continues to be purely corrective, so far.
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