Excellent historical 'ground hog' account and summary of For /...

Excellent historical 'ground hog' account and summary of For / Against.

The sell side washed out those who'd had enough. Check the volume for the past month. Daily and Weekly RSI both significant oversold. Traders stepped in around the double bottom (which apparently wasn't according to one resident chart guru) for an asymmetric opportunity and have taken profits off the 50+% retracement - smart trading! No point in this environment, giving up 70+% .

As for to-da-noon, surely a gesture of good will and or buying on market would help alleviate the longer term concerns and in particular given the somewhat positive notes about progressing finance.

Fundamental questions remain - nothing has changed from 2 week ago. It may, but who hands money over on 'may' when 'should' is the order of the day.

PMs had better fly, but what is the immediate catalyst other than geopolitics in ME - always a tenuous indicator. Gold is overbought on the daily, so ripe for a retrace at least.