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?
