About time..but is it the real deal..maybe maybe not..not sure this is the big one..I think the big one will be in the fall or early next year. Gold has once again defied most expectations..back to 1280..my guess is it drops to 1200-1240 level within 2 weeks..most people freak and sell..then we finally have the real rally into the fall..another drop..then another rally into next year.
I doubt 1240 in 2 weeks but one has to respect that the manipulation this morning has created a failed daily cycle and stay on the sidelines for now.
We locked in a great gain from June and if need be I'll be happy to sit on that for the rest of the year.
So has your oil call.
I hope this is the big one, but it feel very controlled and contrived
It would not surprise me to see the DOW rally 300 plus points on Friday - as if by magic!
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