Now it’s struggling to hold +#11…One can just sense today and on many days that gold just wants to bust loose and make a 50 or 100 $ move…but is being held back…O, I suppose gold will end the day green…but for now it looks like the top is in…I hope I’m wrong…on the big up $35 day we had last month it acted like this but kept recovering from the little pullbacks…
There was little follow thru in stocks in Asia and Europe is mixed…I wonder if the u.s mkt’s bounce will top with toays open?
There was something just too complacent about the u.s. stock correction….especially the seamless turn of 3 days ago…before the turn I heard several floor reporters say that “no one is really worried down here”…also the put/call rtio never got very high…now they’re talking about November always being an up month…etc etc