Stocks rallied, gold faltered, and oil fell this past week. The US$ Index was up a little while bond yields rose because of the stronger-than-expected job numbers. Will the Fed cut the key interest rate?
In the gold market, you have a bullish bias. The pattern still looks to me bullish. You still have a pattern of higher lows on the swing line, higher highs.
Gold remains relatively +158 points “high” (at 3247) to such reversion destination (at 3029). Yet clearly that valuation itself is rightly rising each day.
