Gold stock sentiment indicatorTaking a pause
Not surprising as $US gold has traded within a 1% range for a week.
Leading indicators are also flat.
COVID-19 has thrown a spanner in the works of world trade.
https://www.thetechnicaltraders.com/shipping-rates-plunge-commodities-and-stocks-may-follow
I did a quick calc to determine the infection rate from 27/1/20 to yesterday (most other dates give a higher rate).
17.5% - which will produce a million cases in the first week of March.
I would not plan any trips to Cambodia.
I wonder if the Fed can print enough to fill the crevasses that are appearing?
I wonder if Labour can be blamed for this?
Not sure there will be a proper reversal from here. Pretty unlikely.
