$USD COT’s
I expect a small pop in PM sector – but an advance in the dollar is about to begin, so the PM rally should be mild and short lived. Sorry guys, just what I see. The dollar and gold are going to be fighting each other for quite some time and unfortunately, all gold will be able to do is tread water against the current of the dollar. Eeyore signing off.
Thanks, Ken.
A number of months ago, I said we were dropping AT LEAST into Dec. Perhaps into mid spring.
Sorry folks, no major bottom soon.
Some kind of bounce in the next few weeks though.