Eldorado under heavy shorting; Gold looks healthy Eldorado under heavy shorting
Algowins show Eldorado under heavy shorting: Use as opportunity to average down if you can afford too. Cheers to the patient investor.
https://www.algowins.com/?wdt_column_filter%5B1%5D=EGO Today is supposed to be the US/ China Trade Phase 1 closure deal, here is an article from Kitco:
Gold looks healthy at current levels
Bill Baruch Bill Baruch; Wednesday January 15, 2020 10:18
Fundamentals: Gold is moving firmly higher this morning with U.S Dollar weakness and some cold water over the “Phase One” trade deal lifting the tape. U.S Treasuries are also seeing a steady wave higher this morning, bringing support to the metal. Platinum has surged by more than 3% today and to the highest level since January 2018, signaling a potential end of the most recent wave of profit taking across the metals complex. Silver also tagged $18 after trading to a low of 17.69 yesterday. U.S PPI data was soft this morning, offsetting a marginally better read on NY Empire State Manufacturing. New 2020 Fed voters speak today, Philadelphia Fed President Harker at 10:00 am CT and Dallas Fed President Kaplan at 11:00 am CT.
The Fed releases their Beige Book at 1:00 pm CT. Cheers to the patient