Yesterday's had a burst of activity which can happens before key events. RBA, FOMC, ECB rate increases this week? The data does not show they are done..
And yet the stock market continues to chug blithely higher, well capable of achieving new record highs despite big layoffs by large companies, softening real estate prices and dim prospects for corporate earnings.
“Insignia Consultants” completed Eighteen Years last week. One thing which I failed to understand of the markets and traders in the last eighteen years? Risk taking appetite..
After this bullish triangle formation ends, we expect a thrust higher. This analysis would support what we are seeing in the GDX. we are now thrusting higher in wave .v., which has a projected target of $2,531.10.
Gold getting a bounce from Bollinger support band, the market is bearish, battling a battle at the 18-dma. The market is oversold, trend and bias is down.
