Loading ...It is still early, and a cap does appear to be in place.
As Maddog mentioned we have the 10 yr. falling, and the USD weaker.
Gold seems to be trading more inverse the SM than anything else.
Methinks we need to keep one thing in mind, despite the good rebound in the SM this week, the FED cannot cut rates into a rising SM, or falling unemployment. Hence, the weak numbers today and downward revisions to the last two months numbers which were significant.
No sirs, methinks the 10 yr. is telling us a pretty good SM correction may be at hand. What gold does is up to our very own Buddha to predict. I have no idea.