On one hand, the bankers are being honest about having lost control of the situation; on the other hand they're being somewhat dishonest about the economy...
Bullish seasonality was at gale force last week, but just look at the tired chart! Is this the best that Wall Street's quasi-criminal masterminds can do?
The seasonal weakness tends to be compressed into early June, with gold and its miners’ stocks carving summer lows in mid-June on average. From there gold and gold stocks..
I suggested for traders to cover shorts on gold here and go on sidelines during the holiday period. $1,834.90 needs to be taken out to break the negative view.
Energy stocks got too stretched, too far and needed to correct. I believe gold is going to hold the sub $1,800 lows and will defeat price dump attempts.
That is what the gold market is trying to figure out here. In China, I do not believe what they are saying. Get ready for the seasonal covid wave coming, what does that mean?
