Oh come on, see commment #9 below. Sometimes the market just needs an excuse. If you are shocked at this or using it to throw political mud, sorry but you were never paying attention.
Trump comment was the ‘excuse’ to sell. The underlying reason is Gold is up $100 since December, RSI on DXY & USDJPY was 20! This is not shocking. I’d prefer it all takes a breather and have more momentum to blow through 1400 in a few weeks. This is a blip on long term map.
Is it shocking, or did investors buying miners get weak stomach as they saw DXY daily RSI at 19? It’s been a spectacular V-shaped run since december. The writing is already on the wall with other commodities breaking out of long-term bottom patterns. You know gold will follow. Mr. Market WILL piss off as many people as possible in the process.
Trump told CNBC he wants a strong dollar, contradicting Mnuchin, and when that hit the newswires, PMs immediately dived.
What a joke! Thanks for the info Simon. I was wondering what kind of bomb just went off.
So we were Trumped ?
#$%^&*()n Idiot !
Sorry “US Conservatives”…your leader is a moron
Oh come on, see commment #9 below. Sometimes the market just needs an excuse. If you are shocked at this or using it to throw political mud, sorry but you were never paying attention.
IF you saw this coming…did you hedge ?
I defined my risk-reward before I invested. I’m either losing 12-13% or making 220% (maybe more) ๐
Closed the gap.
It’s gold options expiration today, I’d guess a lot of professional money wanted to see gold below $1350.
Maybe that was the reason the miners didn’t move yesterday.
usdjpy and dxy were very short-term oversold anyway. The big picture train left the station weeks ago
LOL at this mess.
Another factor. The PM miners went down a lot farther than they went up yesterday on their pathetic rally.
But Novo up 15%.
It goes up when the rest come down…..it was always like that.
Trump comment was the ‘excuse’ to sell. The underlying reason is Gold is up $100 since December, RSI on DXY & USDJPY was 20! This is not shocking. I’d prefer it all takes a breather and have more momentum to blow through 1400 in a few weeks. This is a blip on long term map.
What is shocking is the underperformance of the miners. It will probably take the Dow in freefall before they start to move.
Numbing is a good word too
Is it shocking, or did investors buying miners get weak stomach as they saw DXY daily RSI at 19? It’s been a spectacular V-shaped run since december. The writing is already on the wall with other commodities breaking out of long-term bottom patterns. You know gold will follow. Mr. Market WILL piss off as many people as possible in the process.
All ripples in the ocean. Bigger forces are taking the dollar down in my view.
I admire your conviction Northstar …BUT Oceans have big waves too and small boats can get swallowed up.
Long term holders are likely fine but traders don’t like to see all their hard earned gains disappear.
All depends on your tolerance and mindset. Most here are traders I venture to say
Yep, if you hold anything long enough, it will eventually be in a bull market. ๐
Now we agree North
๐
Now that is a miracle, Fully. ๐