Loading ...was very weak-and gold sold of!! So the report tomorrow could make gold go either way-or have no effect–our tape-reading, long term traders instinct is as good as any other modality…that said–Currently gold stocks and etfs have broken all sorts of support lines…and look O-so bearish…just like they did in dec.2015-Jan 2016–remember?? Then there were all kinds of scary calls-[and charts]- for 600-700-800 gold…one factor that could mitigate some of the risk in buying-after reading my post–is that gold and gold etfs are pretty oversold.
Also mitigating: the $ index is down 484 bps.