One of the great cash management challenges in this business of engaging in the world's most important financial markets, (our BEGOS bunch being the Bond, Euro, Gold, Oil and S&P 500) ...
Clearly, the key in these scenarios is a rally in the bond market and lower nominal rates, regardless of whether the CPI comes in hotter or cooler than expected.
If this rally continues, it should test the $1,826.40 / the 18 week moving average. Gold pushing the upper daily Bollinger band open, overbought but embedded..
