Man is gold getting upset!Seems like GOLD is getting nervous that the Stimulus Package might not come out as $1.9 Trillion. As well as taking so long too pass!
That is putting a weight on GOLD.
Gold is saying if we get a diluted or NO package then we will keep going south, especially if there is NO MORE MONEY! And the 10 YR Yields seem keep rising, as the market thinks things are getting better. Mortgages are off of the 10 Yr"s , so if it keeps going up it will squeeze the market , and their you have it, how the FED killed the rally. Like when OIL got too high too nearly afford in mid 2008. They (FED) will have too bring in WAGE AND PRICE Controls like they did in the 70"s , like they did in Canada as well.
They are like magicians behind the curtains pulling whatever lever they can!