GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 13, 2018 11:50am
106 Views
Post# 27879763
Fwiw...........
Fwiw...........Consumer sentiment stateside this am came in decidedly under estimate. Not good. Probably explains why dow only came within a whisker of its 50dma. And this week's pmi and cpi #s came in hotter than expected. Gold market smells inflation. Gold is really frisky today., as are the gold indices. We show another up gap in the hui, xau actually above wed's high intra-day, nice up moves in gdxj and jnug with no up gaps.
Expect some fireworks next week if dow cannot close at or above its 50. Dow chart shows a bearish rising wedge. Most likely this will not end well for the general equities. Gold I think already senses this (among other things), hence the friskiness with a markedly upside bias. So we'll see how everything closes. Stand your ground, folks. Jmvho.
goldopp