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clock Created with Sketch. 24/11/21
09:26
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Originally posted by MrMediocreGuy:
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Possibly.. gold was down as expected last night but recovered to about 1790 so was only down 10 dollars or less on the day which I was presently surprised at, particularly as the 10 year yields are either at or very close to the april highs and the dx is testing a breakout at 96.50. If it wasn't thanksgiving and consequently the lowest volume trading week in the US calendar year, I would expect gold to recover to above 1800 by end of this week. However because it is a low volume week the bad actors, (jp-morgan or whoever they are) may take the opportunity to push gold lower to about 1750. Tonight's action in the US market will be telling. Either way I don't see rrl dropping below 1.90 unless the floor really falls under gold. I think if it hits 1.90 will be nice tripple bottom entry point/top up point. Personally I really want the dx to finally break out and yields to finally breakout. That may cause some short term pain in the pog and gold stocks, but then at least we will have a direction (there are always put options). Once the breakout happens we can look for a top in yields/dollar and finally get a decisive bull run in gold. The choppiness all year has been super frustrating, however means stocks like rrl, nst, ncm etc are super cheap an crazily mispriced by the market.
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by whom ????? mispriced by the market = hehehehehe or big MAC ????
(20min delay)