gold monthly
So hard to not be bullish with the 20 ema holding support. The Fed has been heavily withdrawing liquidity from the markets and reversing QE . First real try in taking the punch bowl away. They fear the inflation. Armstrong figures they will crap their pants with a huge drop in markets soon and then be forced to print/ QE to save the 401k dream. I have been following the repo for a month now and was 100 billion/day and now up to 380 billion/day on Friday. Smart investors see this too and must be thinking to bail out so yes to the mini crash ahead. Gold gets thrown out with the bath water is the question or will the inflation hedge get the buy short term.