Loading ...silver is down only a penny now-5:25am–I think it was down only 4 or 5 cents at the worst overnight-that’s a good sign considering gold was hit for $20 and double bottomed at 1407 …it looks like gold will be in the red all day…every time it lifts its head it gets smacked-when I first checked at 5 am I was happy to see it down only 4.20…that lasted about 2 minutes and suddenly it was down 7.80
I wanna say that gold just has to work off it’s overbought condition…but with gold one never knows if that’s the case or if we’ll be back to square one by the end of the week…
As Capt Hook says…BitCoin sure as sh*t isn’t pausing to work off a damm thing except the many doubters who thought it was going to zero…let’s hope gold isn’t pausing-by going down to below 1350- to work off the many bugs who were calling for 1700…2000 etc….gold has had tremendous intra-day volatility…lets see if it just goes–as it does so often after a string of up days–back into coma mode…