GOLD 0.51% $1,391.7 gold futures

Well, silver has corrected back a bit too much indicating that...

  1. 10,285 Posts.
    lightbulb Created with Sketch. 3906
    Well, silver has corrected back a bit too much indicating that the fraudsters have regained control and it was really an opportunity to take some dough out of high flying silver stocks while readying to put it back in when the opportunity arises and that looks like it won't be long.
    Gold indices overnight back down to close at the level of two days ago before the excitement arrived.
    Gold/silver ratio back up to 70 ish as silver is heavily manhandled back under control
    US dollar ramped back up to early December highs for a bit more impetus but is now retracing and gold will likely trade in the $1840-$1850 range in the short run.
    The broader markets certainly not impacted by the higher $usd as they look to have had a successful test of their respective 50 day ma's.
    Looks like the excitement might be over for the moment.
    $aud gold $2415
    Inflation is coming.
    We await.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.