Jenkins and pedro
Re chart below:
The indicator does not really preclude a rally here. not saying it will but it sure can
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WE ARE
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PRE EXISTING T CELL IMMUNITY
THE SPANISH FLU OF 1918
THE ORIGINS OF COVID
POSTING INFORMATION
I hear what you’re saying but on a “balance of probability” type deal the chart doesn’t favour it IMO.
Problem for me is CB jawboning. That will drive currencies and bond yields, which, all other things
being equal, I think will drive gold & the miners.
Yeah, you have to weigh the probabilities, all the while realizing the market can “do anything”.
Possibilities are endless, and not much help.
BUT … I’ll add this. Hulse and Pizutti at Trading on the Mark posted a freebie today on TLT. Hunt it down.
Then recall my notes suggesting PMs are tracking rates … bonds down, PMs down. If they are correct … read ’em and weep.
Ah Jeez pedro…and here I thought your sole source of economic news was Goldtent.
..Hulse and Pizutti ?
Whats that ? a Law Firm ?
https://www.seeitmarket.com/us-treasuries-update-tlt-expect-further-declines-2017-elliott-wave-16451/
Enjoy