I question that irony too but I'm privileged from his ignore list LOL
Some are destined to make a lot of money should their spec exposure is the elephant in the room IF;
Gold explodes up
AUDUSD sell off
However the fundamental relationships of te inter markets remain a strong USDX weak gold. A lot of commentary focusing on the UJ for some reason. Another way to measure the fear (quick and dirty) is that VIX CBOE is actually falling to the lows coupled with the stock futures suggesting they are embracing inflationary pressures. US company profits are factoring another round of great numbers as the tax cut kicks in....
All in all I don;t any bullish triggers for gold.
However the COT latest seems to suggest commercials are still buying heavily and a turning point in gold (bullish) could be in the making. However this is not a timing tool.
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I question that irony too but I'm privileged from his ignore...
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